(Figure: The Minimum Wage) Use Figure: The Minimum Wage. A binding minimum wage of P3 leads to a surplus of labor of:
A) Q3 − Q1
B) Q3 − Q1.
C) Q3 − Q2
D) Q3 − Q2.
E) Q4 − Q1
F) Q4 − Q1.
G) Q4 − Q2
H) Q4 − Q2.
Correct Answer:
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