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Please answer correct calculation asap plz Don't answer by pen paper plz The graph to below presents the numbers for the labor market at the

Please answer correct calculation asap plz

Don't answer by pen paper plz

image text in transcribed
The graph to below presents the numbers for the labor market at the country of Workaton. Suppose the current labor force at Workaton corresponds to 720,000 workers. If the local government imposed a minimum wage of $14/hour, what would be the resulting unemployment rate? Wage (USD/hour) $14 $10 30,000 50,000 70,000 Labor (# workers) O UR = 12.5% UR = 4% UR = 5.5% O UR = 9.7%

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