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Figure 28-1 -Refer to Figure 28-1. If There Was a Minimum Wage

Question 104

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Figure 28-1 Figure 28-1 -Refer to Figure 28-1. If there was a minimum wage of $4 and then the government instituted a minimum wage of $5, what would happen to employment in this market? A) Unemployment would be unchanged. B) Unemployment would drop by 10. C) Unemployment would rise by 10. D) Unemployment would rise by 20.
-Refer to Figure 28-1. If there was a minimum wage of $4 and then the government instituted a minimum wage of $5, what would happen to employment in this market?


A) Unemployment would be unchanged.
B) Unemployment would drop by 10.
C) Unemployment would rise by 10.
D) Unemployment would rise by 20.

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