5. Minimum-wage laws and unemployment Consider the market for labor depicted by the demand and supply curves that follow. Use the calculator to help you answer the following questions. You will not be graded on any changes you make to the calculator. Graph Input Tool Market for Labor 16 I Wage (Dolars per hour) 2.00 14 Supply Labor Demanded (Thousands of workers) Labor Supplied (Thousands of workers) 1,400 200 12 10 Demand 200 400 600 B00 1000 1200 1400 1600 LABOR (Thousands of workers) WAGE (Dollars per hour)

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