Figure 28-3
-Refer to Figure 28-3.If the government imposes a minimum wage of $4,how many workers will be unemployed?
A)0
B)3,000
C)4,000
D)7,000

Name: Figure 28-3 -Refer to Figure 28-3.If the government imposes a minimum wage of $4,how many workers will be unemployed? A)0 B)3,000 C)4,000 D)7,000
Brand: Quizplus
Rating: 4.7 (40 reviews)

Question

Figure 28-3 
-Refer to Figure 28-3.If the government imposes a minimum wage of $4,how many workers will be unemployed?
A)0 
B)3,000 
C)4,000 
D)7,000

Quizplus · Accepted Answer

If the minimum wage is set at $4, it is likely below the equilibrium wage, meaning it does not affect the labor market, resulting in no unemployment caused by the minimum wage.

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