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Figure 9-1 This figure shows the effect of a minimum-wage law. W/P $6 20 30 40 Q Refer to Figure 9-1. If there was no minimum wage and then the government instituted a minimum wage of $4, what would happen to employment in this market? a. Unemployment would remain unchanged and equilibrium price falls to 43. b. Employment would rise by 10. C. Both unemployment and equilibrium price would remain unchanged. d. Unemployment would fall by 30. Figure 9-1 This figure shows the effect of a minimum-wage law. wW/P $6 20 30 40 Q Refer to Figure 9-1. Which of the following describes the equilibrium point in the diagram where there is an absence of the minimum-wage law? a. $5 and 40 workers b. $6 and 40 workers C. $5 and 30 workers d. $4 and 20 workers