EX 11: Based on the accompanying labor-market diagram, if the minimum wage is increased from $12 to $14 per hour, the number of unemployed workers will by workers. per hour $14 $12 $10 EX 12: Based on the accompanying labor-market diagram, if the minimum wage is increased from $12 to $14 per hour, the number of unemployed workers will workers. by 60 80 100 120 140 Number of workers employed Wages per hour $14 $12 $10 Labor Supply Labor Demand 60 80 100 120 140 Number of workers employed Labor Supply Labor Demand

EX 11: Based on the accompanying labor-market diagram, if the minimum wage is increased from $12 to $14 per hour, the number of unemployed workers will by workers. per hour $14 $12 $10 EX 12: Based on the accompanying labor-market diagram, if the minimum wage is increased from $12 to $14 per hour, the number of unemployed workers will workers. by 60 80 100 120 140 Number of workers employed Wages per hour $14 $12 $10 Labor Supply Labor Demand 60 80 100 120 140 Number of workers employed Labor Supply Labor Demand

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter16: The Markets For Labor, Capital, And Land

Section: Chapter Questions

Problem 4P

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