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1. Minimum wage has been an issue in several political elections. The current wage is $7.25 and hour. Using the supply and demand diagram, show

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1. Minimum wage has been an issue in several political elections. The current wage is $7.25 and hour. Using the supply and demand diagram, show the equilibrium wage at the current minimum wage. Show how an increase in the minimum wage, an amount you choose, would affect the market. Be sure to clearly label and explain the graph

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