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Use the Following Figure to Answer the Question : Figure

Question 6

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Use the following figure to answer the question : Figure 18-1 :
shows the demand and supply of unskilled labor that determines the equilibrium wage rate in the labor market.The minimum wage rate at $5.15 is higher than the equilibrium wage rate at $4. Use the following figure to answer the question : Figure 18-1 : shows the demand and supply of unskilled labor that determines the equilibrium wage rate in the labor market.The minimum wage rate at $5.15 is higher than the equilibrium wage rate at $4. -Refer to Figure 18-1.Which of the following distances represents the complete unemployment created by the minimum wage legislation? A) OL<sub>3</sub> B) L<sub>2</sub>L<sub>3</sub> C) L<sub>2</sub> L<sub>1</sub> D) OL<sub>2</sub>
-Refer to Figure 18-1.Which of the following distances represents the complete unemployment created by the minimum wage legislation?


A) OL3
B) L2L3
C) L2 L1
D) OL2

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