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Please see the coordinates on the graph in the picture. How am I to answer this question based the graph that was given? The graph
Please see the coordinates on the graph in the picture. How am I to answer this question based the graph that was given?
The graph shows a market for labor. Wage rate (dollars per hour) + 22.00- Draw a line corresponding to a minimum wage that creates unemployment of 3 million hours a year. Label it. 21.00- >>> Make sure the minimum wage line intersects the S and D curves. 20.00- S 19.00- 18.00- . . . 17.00- 16.00- 15.00- 14.00- 13.00- 12.00- D 11.00- 10.00- 20 21 22 23 24 25 26 Quantity (millions of hours per year) >>> Draw only the objects specified in theStep by Step Solution
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