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2. A) Recently there have been calls to raise the minimum wage to $15/hour. Using a graph, demonstrate the likely effect on employment of a
- 2. A) Recently there have been calls to raise the minimum wage to $15/hour. Using a graph, demonstrate the likely effect on employment of a $15/hour minimum wage. In two sentences or fewer, explain what you have demonstrated with the graph. Important: any time you use a graph, you need to label the axes if you want full credit.
- B) Evaluate the validity of this statement: “A tax on corporations (suppliers) will simply be passed on in full to consumers (demanders).” Hint: Consider using a graph to make your point
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
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