Figure 28-1

-Refer to Figure 28-1.If there were a minimum wage of $4 and then the government instituted a minimum wage of $5,in this market,unemployment would
A)be unchanged.
B)drop by 10.
C)rise by 10.
D)rise by 20.

Question

Figure 28-1
 
-Refer to Figure 28-1.If there were a minimum wage of $4 and then the government instituted a minimum wage of $5,in this market,unemployment would
A)be unchanged. 
B)drop by 10. 
C)rise by 10. 
D)rise by 20.

Quizplus · Accepted Answer

The Answer of Figure 28-1
 
-Refer to Figure 28-1.If there were a minimum wage of $4 and then the government instituted a minimum wage of $5,in this market,unemployment would
A)be unchanged. 
B)drop by 10. 
C)rise by 10. 
D)rise by 20.

Figure 28-1 -Refer to Figure 28-1.If There Were a Minimum Wage of a Minimum