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Refer to the graph to answer the following questions. A. what are the equilibrium wage and quantity of workers in this market? B. For it
Refer to the graph to answer the following questions. A. what are the equilibrium wage and quantity of workers in this market? B. For it to have an effect, where would the government have to set a minimum wage? C. If the government set a minimum wage at $8, 1. how many workers would supply their labor? 2. How many workers would be hired? 3. How many workers would want to work that did not want to work for the equilibrium wage? 4. How many previously employed workers would no longer have a job?
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