-Refer to Exhibit 4-10.Suppose that the government imposes a minimum wage of $7.How many fewer unskilled workers would be employed at the minimum wage,compared to the number that would be employed at the equilibrium wage?

Question

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-Refer to Exhibit 4-10.Suppose that the government imposes a minimum wage of $7.How many fewer unskilled workers would be employed at the minimum wage,compared to the number that would be employed at the equilibrium wage?

Quizplus · Accepted Answer

At the equilibrium wage, 10,000 unskilled workers are employed. At the minimum wage of $7, only 8,000 unskilled workers are employed. Therefore, 2,000 fewer unskilled workers would be employed at the minimum wage.

​ ​-Refer to Exhibit 4-10.Suppose That the Government Imposes a Minimum

-Refer to Exhibit 4-10.Suppose That the Government Imposes a Minimum