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Figure 6-16 -Refer to Figure 6-16.In This Market,a Minimum Wage of $2.75

Question 144

Multiple Choice

Figure 6-16 Figure 6-16 -Refer to Figure 6-16.In this market,a minimum wage of $2.75 is A) binding and creates a labor shortage. B) binding and creates unemployment. C) nonbinding and creates a labor shortage. D) nonbinding and creates neither a labor shortage nor unemployment.
-Refer to Figure 6-16.In this market,a minimum wage of $2.75 is


A) binding and creates a labor shortage.
B) binding and creates unemployment.
C) nonbinding and creates a labor shortage.
D) nonbinding and creates neither a labor shortage nor unemployment.

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