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Use the following to answer questions 16-17: Figure: Minimum Wage Wage S P3 P2 P1 Q1 Q2 Q3 Q4 Quantity of labor 16. (Figure: Minimum

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Use the following to answer questions 16-17: Figure: Minimum Wage Wage S P3 P2 P1 Q1 Q2 Q3 Q4 Quantity of labor 16. (Figure: Minimum Wage) With a binding minimum wage of P3, the quantity of labor supplied would be: A 01. B) C) 04. D 17. (Figure: Minimum Wage) The binding minimum wage of P3 leads to unemployment of: A) 23-01. B) Q-Q2. C) 04-Q1. D 04 - 02. Use the following to answer questions 16-17: Figure: Minimum Wage Wage S P3 P2 P1 Q1 Q2 Q3 Q4 Quantity of labor 16. (Figure: Minimum Wage) With a binding minimum wage of P3, the quantity of labor supplied would be: A 01. B) C) 04. D 17. (Figure: Minimum Wage) The binding minimum wage of P3 leads to unemployment of: A) 23-01. B) Q-Q2. C) 04-Q1. D 04 - 02

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