The market for hamburger flippersprice of labour per hour

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Reference no: EM13378645

The market for hamburger flippers

Price of labour ($ per hour): Quantity of hours demanded: Quantity of hours supplied:
9 40 60

8 45 55

7 50 50

6 55 45

5 60 40

Look at the table for the market for hamburger flippers. If the minimum wage in this market is $8, what is the impact on the market? Who are the winners and losers of the minimum wage? Draw a graph and mark the areas to show the impact of the minimum wage.

Reference no: EM13378645

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