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16 Supply P Deman D C Quantity HOURE1 Refer to Figure 1. If thediagramapplies to the labour market, and /Brepresents alegislated minimwage themguiaboemployell sfrompandityquandly thewillememploymentheabomarket

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16 Supply P Deman D C Quantity HOURE1 Refer to Figure 1. If thediagramapplies to the labour market, and /Brepresents alegislated minimwage themguiaboemployell sfrompandityquandly thewillememploymentheabomarket the free-naked equilibriumwageis Hadthe labormarket is unaffectedby the miniwage theabomarlieindisequilibrium theribexcedemanA Guthdabomarket

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