n the figure above, if a minimum wage of $6 per hour has been imposed and the labor demand curve then shifts from Do to D1 the wage rate and the amount of employment A.falls; decreases B.does not change; increases C.does not change; decreases Pay attention that word above is "employment," not"unemployment" D) falls, increases
n the figure above, if a minimum wage of $6 per hour has been imposed and the labor demand curve then shifts from Do to D1 the wage rate and the amount of employment A.falls; decreases B.does not change; increases C.does not change; decreases Pay attention that word above is "employment," not"unemployment" D) falls, increases
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section13.1: Factor Market
Problem 2ST
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Question
In the figure above, if a minimum wage of $6 per hour has been imposed and the labor demand curve then shifts from Do to D1 the wage rate
and the amount of
employment
A.falls; decreases
B.does not change; increases
C.does not change; decreases Pay attention that word above is "employment," not"unemployment "
D) falls, increases
Transcribed Image Text:Wage rate (dollars per hour)
7
1000169101 of 0C mor migh Asifle bo
6
5
4
3
0
10
S
D1
vilup Dun
Do
20 30 40 50
60
Quantity (millions of hours per year)
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