Question 12 Chapter 2.C. * CUFHO eztomheducation.com Chapter 2 1178/12 12 In a recent speech, the governor of your state announced "One of the blogest causes of juvenile delinquency in this state is the high rate of unemployment anong 16 to 19 year olds. The low wages offered by employers in the state have given fewer teenagers the Incentive to find summer employment. Instead of working all summer, the way we used to, today's teenagers stack off and cause trouble. To address this problem. I propose to raise the state's minimum wage by $150 per hour. This will give teens the proper Incentive to go out and find meaningful employment when they are not in school Highlight a possible flaw in the governor's reasoning 11 Swed Scored A higher minimum wage will serve as a higher price floor reducing quantity demand for labor by firms A higher minimum wage will serve as a higher price celing, reducing quantity demand for labor by firms Teenagers likely will not increase quantity of labor supplied when the minimum wage increases by $150 A higher minimum wage will serve as a higher price ceiling, reducing the quantity of labor supplied by teenagers .