(a) Illustrate and explain the impact of a minimum wage on the labour market. (b) For the country of Barbados identify a year in which the minimum wage increased and the new value for the minimum wage. Illustrate this new minimum wage on the diagram from part (a).

ENGR.ECONOMIC ANALYSIS
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(a) Illustrate and explain the impact of a minimum wage on the
labour market.
(b) For the country of Barbados identify a year in which the
minimum wage increased and the new value for the minimum wage.
Illustrate this new minimum wage on the diagram from part (a).
Transcribed Image Text:(a) Illustrate and explain the impact of a minimum wage on the labour market. (b) For the country of Barbados identify a year in which the minimum wage increased and the new value for the minimum wage. Illustrate this new minimum wage on the diagram from part (a).
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