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I need an explanation $7 Wage Rate $5 20 30 40 Number of Unskilled Workers (1.C00s) Figure 4 Refer to Figure 4 above. Suppose the

I need an explanation

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$7 Wage Rate $5 20 30 40 Number of Unskilled Workers (1.C00s) Figure 4 Refer to Figure 4 above. Suppose the minimum wage is set at $7. The result will be: a. unemployment. O b. labor shortage. O c. no effect on the labor market. O d. none of the above

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