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    Essentials of Economics Study Set 4
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    Exam 8: The Labor Market
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    Figure 8.1-Apple Production
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Figure 8.1-Apple Production

Question 57

Question 57

Multiple Choice

Figure 8.1-Apple Production Figure 8.1-Apple Production   -In Figure 8.1,a minimum wage of $20 will result in a: A)  Surplus of 56 workers. B)  Shortage of 56 workers. C)  Surplus of 28 workers. D)  Shortage of 28 workers.
-In Figure 8.1,a minimum wage of $20 will result in a:


A) Surplus of 56 workers.
B) Shortage of 56 workers.
C) Surplus of 28 workers.
D) Shortage of 28 workers.

Correct Answer:

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