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4. (Table: The Market for Fast-Food Workers) Use Table: The Market for Fast-Food Workers. If the minimum wage in this market is $8, what is
4. (Table: The Market for Fast-Food Workers) Use Table: The Market for Fast-Food Workers. If the minimum wage in this market is $8, what is the effect on the market? Who are the winners and losers? Table: The Market for Fast-Food Workers Price of Labor($/hour) Quantity of Hours Demanded Quantity of Hours Supplied 9 40 60 8 45 55 7 50 50 6 55 45 5 60 40
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