The figure represents the low-wage labor market supply and demand curves for a U.S. city where you are on the city council. Suppose you want to propose an aggressive increase in the minimum wage, which is currently set at $7.50, as shown by the horizontal line. At the same time, you know that any increase may anger local business leaders if it leads to an increase in their labor costs.

What minimum wage should you lobby for, for maximum political advantage? Drag the minimum wage line upward to give your answer.

n.com/108803 10/04/20 66.17 out of 100 The figure represents the low-wage labor market supply and demand curves for a U.S. city where you are on the city council. Suppose you want to propose an aggressive increase in the minimum wage, which is currently set at $7.50, as shown by the horizontal line. At the same time, you know that any increase may anger local business leaders if it leads to an increase in their labor costs What minimum wage should you lobby for, for maximum political advantage? Drag the minimum wage line upward to give your answer. To refer to the graphing tutorial for this question type, please click here. Ware (S per hour 24 1 225 (160.0, 17 10 OF 13 QUESTIONS COMPLETED SUBMIT ANSWER pe here to search ? 15 -180 16 40 4- 18 4+ 19 144 DDI 12 nsert # $ % & 2 3 4 5 6 8 W E R T Y U O P F G H K