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Graph 28-1 -In Graph 28-1, Without a Minimum Wage Law, the Equilibrium

Question 40

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Graph 28-1
Graph 28-1 -In Graph 28-1, without a minimum wage law, the equilibrium market wage is: A) W<sub>0</sub>, and the equilibrium market quantity of labour hired is L<sub>0</sub> B) W<sub>0</sub>, and the equilibrium market quantity of labour hired is L<sub>1</sub> C) W<sub>1</sub>, and the equilibrium market quantity of labour hired is L<sub>1</sub> D) W<sub>1</sub>, and the equilibrium market quantity of labour hired is L<sub>0</sub> E) W<sub>1</sub>, and the equilibrium market quantity of labour hired is L<sub>2</sub>
-In Graph 28-1, without a minimum wage law, the equilibrium market wage is:


A) W0, and the equilibrium market quantity of labour hired is L0
B) W0, and the equilibrium market quantity of labour hired is L1
C) W1, and the equilibrium market quantity of labour hired is L1
D) W1, and the equilibrium market quantity of labour hired is L0
E) W1, and the equilibrium market quantity of labour hired is L2

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