Read the Walmart and Whole Foods Market Scenario and fill in the blanks. Suppose that Walmart sells items that Whole Foods Market also carry and that a minimum wage law raises the wages paid to low-skilled worker in both kinds of stores. Low-skilled labor costs are a higher fraction of total costs in Walmart than they are in Whole Foods Market. Other things equal, the minimum wage law would raise costs in With prices of items increasing more in than in - purchases to stores by a greater percentage. consumers would tend to shift some of their a. None of the above b. Whole Foods Market, Whole Foods Market, Walmart, Whole Foods Market, Walmart c. Walmart, Whole Foods Market, Walmart, Whole Foods Market, Walmart Od. Walmart, Walmart, Whole Foods Market, Walmart, Whole Foods Market QUESTION 22 Refer to the Walmart and Whole Foods Market Scenario and choose all correct answers. i. Other things equal, the minimum wage increase could have an ambiguous effect on employment in Whole Foods Market. ii. Other things equal, the minimum wage increase could reduce employment in Whole Foods Market if the effect of the purchase shift from Walmart to Whole Foods Market is not significant. iii. Other things equal, the minimum wage increase could reduce employment in Walmart. O a. i, iii b. i c. None of the above O d