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Question 1 (2 points) Suppose that the unskilled labor market is in equilibrium at a wage rate of $7. Then if a minimum wage is

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Question 1 (2 points) Suppose that the unskilled labor market is in equilibrium at a wage rate of $7. Then if a minimum wage is imposed at $10, economic theory predicts that quantity of labor demanded will fall O all unskilled workers will be hurt O quantity of labor supplied will fall all unskilled workers will benefit

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