Figure 28-4
-Refer to Figure 28-4. If the government imposes a minimum wage of $3, how many workers will be unemployed?

Name: Figure 28-4 -Refer to Figure 28-4. If the government imposes a minimum wage of $3, how many workers will be unemployed?
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Question

Figure 28-4 
-Refer to Figure 28-4. If the government imposes a minimum wage of $3, how many workers will be unemployed?

Quizplus · Accepted Answer

If the minimum wage is set at $3, it is likely below the equilibrium wage, meaning it does not affect the labor market, and thus no workers will be unemployed due to the minimum wage.

Figure 28-4 -Refer to Figure 28-4. If the Government Imposes a Minimum