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Consider the Labor Market Below

Question 109

Multiple Choice

Consider the labor market below. Suppose the government passes a minimum wage requiring employers to pay at least $8.00 per hour. Consider the labor market below. Suppose the government passes a minimum wage requiring employers to pay at least $8.00 per hour.   Prior to the imposition of the minimum wage, employer surplus is ______ per day, and after the imposition of the minimum wage, employer surplus is ______ per day. A) $9,000; $1,000 B) $9,000; $5,000 C) $18,000; $2,000 D) $18,000; $14,000 Prior to the imposition of the minimum wage, employer surplus is ______ per day, and after the imposition of the minimum wage, employer surplus is ______ per day.


A) $9,000; $1,000
B) $9,000; $5,000
C) $18,000; $2,000
D) $18,000; $14,000

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