$7.25 $6.50 $4.50 D. 500 800 900 1200 Number of workers Refer to the graph shown. If the government establishes a price floor of $10.50 per hour from the Wage per hour

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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O a slight decrease in unemployment
O a large decrease in unemployment
an increase in unemployment
O no increase in unemployment
Transcribed Image Text:O a slight decrease in unemployment O a large decrease in unemployment an increase in unemployment O no increase in unemployment
$7.25
S6.50
$4.50
D.
500 800 900
1200
Number of workers
Refer to the graph shown. If the government establishes a price floor of $10.50 per hour from the
previous market price of $6.50, there will be:
Wage per hour
Transcribed Image Text:$7.25 S6.50 $4.50 D. 500 800 900 1200 Number of workers Refer to the graph shown. If the government establishes a price floor of $10.50 per hour from the previous market price of $6.50, there will be: Wage per hour
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