Exhibit 4-7 WM W₁ 0 N3 N₁ Number of Unskiled Workers WM Minimum Wage N₂ N3 persons none of the above S Refer to Exhibit 4-7. How many fewer persons work in the unskilled labor market at the minimum wage (WM) than at the equilibrium wage (W 1)? N2 - N₁ persons N₁-N3 persons N2-N3 persons

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