Suppose Wisconsin increases its minimum wage from $7.25/hour, which is below the market wage for low-skill labor,

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Suppose Wisconsin increases its minimum wage from $7.25/hour, which is below the market wage for low-skill labor, to $11.00/hour, which is above the market wage. Using supply and demand curves, show how this might affect the number of employed workers.

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Principles Of Microeconomics

ISBN: 9780393935769

1st Edition

Authors: Dirk Mateer, Lee Coppock

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