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Consider the Labor Market Below

Question 125

Multiple Choice

Consider the labor market below. Consider the labor market below. If a minimum wage of $12 per hour is imposed in this labor market then worker surplus will______ and employer surplus will ______. A) rise; fall B) fall; fall C) stay the same; fall D) rise; stay the same If a minimum wage of $12 per hour is imposed in this labor market then worker surplus will______ and employer surplus will ______.


A) rise; fall
B) fall; fall
C) stay the same; fall
D) rise; stay the same

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