Figure 28-3
-Refer to Figure 28-3.If the government imposes a minimum wage of $4,then unemployment will increase by
A)0 workers.
B)2,000 workers.
C)4,000 workers.
D)5,000 workers.

Name: Figure 28-3 -Refer to Figure 28-3.If the government imposes a minimum wage of $4,then unemployment will increase by A)0 workers. B)2,000 workers. C)4,000 workers. D)5,000 workers.
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Question

Figure 28-3 
-Refer to Figure 28-3.If the government imposes a minimum wage of $4,then unemployment will increase by
A)0 workers. 
B)2,000 workers. 
C)4,000 workers. 
D)5,000 workers.

Quizplus · Accepted Answer

If the minimum wage of $4 is below the equilibrium wage, it will not affect the labor market, and thus unemployment will not increase.

Figure 28-3 -Refer to Figure 28-3.If the Government Imposes a Minimum Wage