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discuss in details The government sets a minimum wage above the current equilibrium wage level. (1 ) what effect does it have on equillibrium in

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discuss in details

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The government sets a minimum wage above the current equilibrium wage level. (1 ) what effect does it have on equillibrium in labor market (in term of wage level and the employment level)? (2) what effect does it have on Consumer and surplus, Producer surplus, total surplus? Hint: in labor maket, workers are Producers and employers are' consumers' plotting a graph may help in answering

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