A study of the effects of the minimum wage on employment of low-skilled workers estimated the price elasticity of demand for low-skilled workers to be -0.75.Suppose that the government is considering raising the minimum wage from $7.25 per hour to $7.75 per hour.Based on this information,calculate the percentage change in the employment of low-skilled workers.Use the midpoint formula.

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The Answer of A study of the effects of the minimum wage on employment of low-skilled workers estimated the price elasticity of demand for low-skilled workers to be -0.75.Suppose that the government is considering raising the minimum wage from $7.25 per hour to $7.75 per hour.Based on this information,calculate the percentage change in the employment of low-skilled workers.Use the midpoint formula.

A Study of the Effects of the Minimum Wage on Employment