What is the equilibrium wage rate and how many tomato pickers are employed? If California introduces a
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What is the equilibrium wage rate and how many tomato pickers are employed? If California introduces a minimum wage of $4 an hour, how many tomato pickers are employed and how many are unemployed?
Figure 1 shows the market for tomato pickers in southern California.
Figure 1
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FIGURE 1 Wage rate (dollars per hour) 10+ 8 6 2 3,000 4,000 S D 5.000 Quantity (pickers)
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The equilibrium wage rate is 6 an hour ...View the full answer
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