he market for unskilled labor is illustrated in the figure above. The market is in equilibrium when a minimum wage of $5 per hour is imposed. Employment will fall by

. Single choice.

6 Wage rate (dollars per hour) A ..... W D 2 0 10 20 30 40 50 60 Quantity (millions of hours per year) The market for unskilled labor is illustrated in the figure above. The market is in equilibrium when a minimum wage of $5 per hour is imposed. Employment will fall by [) (1 Point) 0 hours 30 million hours per year. 20 million hours per year. 10 million hours per year