If Indiana increases the minimum wage from $7.25 to $7.75, what would be the likely effects on the labor market?

Group of multiple answer choices

Wages for the lowest-paid workers do not change but employment increases

Wages for the lowest-paid workers increase but employment does not change

Wages for the lowest-paid workers do not change but employment decreases

Wages for the lowest-paid workers increase and employment increases

Wages for the lowest-paid workers increase and employment decreases