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Refer to the Graph Shown

Question 84

Multiple Choice

Refer to the graph shown. If government establishes a minimum wage at $7.25 per hour: Refer to the graph shown. If government establishes a minimum wage at $7.25 per hour: A) employers will be unable to find enough qualified applicants to fill the available positions. B) the number of job seekers will exceed the number of job vacancies, resulting in some unemployment. C) employers will be forced to hire 900 workers, resulting in reduced profits. D) there will be a shortage in this labor market.


A) employers will be unable to find enough qualified applicants to fill the available positions.
B) the number of job seekers will exceed the number of job vacancies, resulting in some unemployment.
C) employers will be forced to hire 900 workers, resulting in reduced profits.
D) there will be a shortage in this labor market.

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