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Use the following to answer questions 12 13 Figure Minimum Wage Wage P3 P P X A Q B Q C 23 D 2 Q

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Use the following to answer questions 12 13 Figure Minimum Wage Wage P3 P P X A Q B Q C 23 D 2 Q Q Q3 12 Figure Minimum Wage With a binding minimum wage of P3 the quantity of labor supplied would be B 23 22 C 24 01 DLO S Q4 Quantity of labor 13 Figure Minimum Wage The binding minimum wage of P leads to unemployment of A 23 2

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