Figure 5.2. The figure shows the supply and demand curves of a firm. 
-Which of the following is the purpose of a minimum wage?
A) To reduce the wage rates of high-income workers
B) To keep a track of the changes in the wage rate in an unskilled labor market
C) To deal with the problem of unemployment in the market
D) To help increase the profits earned by the producers
E) To raise the wage rate for the lowest income workers
Correct Answer:
Verified
Q21: Figure 5.2. The figure shows the supply
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