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5. You are given the following data of a labor market for an imaginary economy? Hourly Wages Quantity Demanded Quantity Supplied $8 10,000 6,000 $10

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5. You are given the following data of a labor market for an imaginary economy? Hourly Wages Quantity Demanded Quantity Supplied $8 10,000 6,000 $10 9,000 7,000 $12 8,000 8,000 $13 7,000 9,000 $15 6,000 10,000 Assume that the government of this economy imposed a minimum wage of $10. As a result 9,000 people will be employed. 8,000 people will be employed. 2,000 people will be unemployed. zero people will be unemployed

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