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69.)In the figure above, if a minimum wage of $6 per hour has been imposed and the labor demand curve then shifts from D0 to
69.)In the figure above, if a minimum wage of $6 per hour has been imposed and the labor demand curve then shifts from D0 to D1 the wage rate ????? and the amount of employment????-
Wage rate (dollars per hour) O 20 60 Quantity (millions of hours per year) 69) In the figure above, if a minimum wage of $6 per hour has been imposed and the labor demand curve then shifts from Do to D1 the wage rate and the amount of employment A) does not change; increases B) falls; increases C) does not change; decreases D) falls; decreases 70) In September 2008, Toyota Motor's share of the U.S. auto sales market was 15 percent, Ford's market share was 12.1 percent, GM's was 29.1 percent, Honda's was 10 percent, Nissan's share was 6.2 percent, and Chrysler's market share was 11.1 percent. What type of market structure would the market for autos represent? B) monopolistic competitionStep by Step Solution
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