Figure 28-4

-Refer to Figure 28-4.If the government imposes a minimum wage of $4,how many workers will be unemployed?

Name: Figure 28-4 -Refer to Figure 28-4.If the government imposes a minimum wage of $4,how many workers will be unemployed?
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Question

Figure 28-4
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-Refer to Figure 28-4.If the government imposes a minimum wage of $4,how many workers will be unemployed?

Quizplus · Accepted Answer

If the minimum wage is set at $4, it is likely below the equilibrium wage, resulting in no unemployment as the labor market clears.

Figure 28-4 ​

Figure 28-4