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Question 49

Multiple Choice

-Refer to the graph above to answer this question.What is the result if the government establishes a minimum wage of $5 in this market? A) There would be 2,000 unemployed workers. B) There would be 3,000 unemployed workers. C) Firms would employ 18,000 workers. D) Firms would employ 21,000 workers. E) It would have no effect on the market.
-Refer to the graph above to answer this question.What is the result if the government establishes a minimum wage of $5 in this market?


A) There would be 2,000 unemployed workers.
B) There would be 3,000 unemployed workers.
C) Firms would employ 18,000 workers.
D) Firms would employ 21,000 workers.
E) It would have no effect on the market.

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