Use supply and demand graphs to illustrate the effects of a rise in the legal minimum wage. [Use carefully drawn brackets, labels, and arrows to show the effect on different groups of people. Write clearly and neatly for full credit and use the back of the paper if you need more space.] A. Product: Entry level labor B. How did economist Walter Williams explain the effect of this policy on the Situation: The legal minimum wage is raised. unemployment of young black men? [Show the effect on different groups.] C. List and carefully explain the most significant classifications of winners and losers as a result of this policy. For each case, carefully explain why: Losers: 1) 2) 2 )_ 3) 2) 2)_ 3) 3 ) Part VI. Attach the take home portion of your exam. Part VII. 10 general survey questions, multiple choice