Construct a diagram to describe an equilibrium in a labour market. Clearly label the axises and the key points in your diagram and suppose that the government imposes a minimum wage which is higher than the equilibrium wage occurred in the diagram of the equilibrium labour market then how would the market be affected? draw a diagram to describe the effects of this policy suggest a possible strategy that the government could use to try to solve the problem and sketch a diagram of how your suggestion would solve this problem and then point out the differences between the ultimate outcome of this labour market shown in possible strategy the government would use and the initial equilibrium shown in the diagram of the equlibrium of labour market
Construct a diagram to describe an equilibrium in a labour market. Clearly label the
axises and the key points in your diagram
and suppose that the government imposes a minimum wage which is higher than the
equilibrium wage occurred in the diagram of the equilibrium labour market then how would the market be affected? draw a diagram to describe the effects of this policy
suggest a possible strategy that
the government could use to try to solve the problem and sketch a diagram of how your suggestion would solve this problem
and then point out the differences between the ultimate outcome of this labour market shown
in possible strategy the government would use and the initial equilibrium shown in the diagram of the equlibrium of labour market
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