The Figure Given Below Shows the Demand and Supply of Unskilled

The figure given below shows the demand and supply of unskilled labor that determines the equilibrium wage rate in the labor market.The minimum wage rate at $5.15 is higher than the equilibrium wage rate at $4.
-Refer to Figure 18-1.Which of the following distances represents the disemployment effect of the minimum wage?

A) L₁L₃
B) L₂L₃
C) L₂ L₁
D) OL₂

Correct Answer:

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