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Draw a minimum wage graph

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Reference no: EM132542128

1. Minimum Wage

a. Draw a minimum wage graph where the equilibrium wage is $12.00/hour and the equilibrium quantity is 4,000 workers

b. Draw in a minimum wage (price floor) at $15/hour. What situaton would occur in this circumstance?

c. What are the pros and cons of minimum wage?

Reference no: EM132542128

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