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(Figure: The Demand for Bricklayers) Look at the figure The Demand for Bricklayers. The equilibrium market wage for bricklayers is $100 a day, but a

(Figure: The Demand for Bricklayers) Look at the figure The Demand for Bricklayers. The equilibrium market wage for bricklayers is $100 a day, but a minimum wage of $80 a day for bricklayers is set by the government. As a result

all bricklayers are better off

it will have no effect on the number of bricklayers hired

three workers who otherwise would have been employed are now unemployed

six workers will now be hired by the firm

image text in transcribed
Wage rate of| bricklayers (per day) $160 140 120 100 80 60 VMPL bricklayers 40 20 0 1 2 3 4 5 6 7 8 9 10 Quantity of bricklayers (per day)

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