What would in the market for unskilled labor

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Reference no: EM13153161

Your answer to each of the following questions should include a market diagram that clearly illustrates equilibrium before the named event. If you need to draw a new D or S curve to illustrate the impact of the event, you must also explain why the curve shifted in the direction you have chosen. Finally, you must clearly indicate the quantity of the good that will be exchanged after the event occurs, the price paid by the buyers, and the price paid by the sellers.

a. Show what would in the market for unskilled labor if Congress were to raise the federal minimum wage to $9.00 per hour.

b. The value of the Syrian pound has dropped by more than 15% ... since the start of November. (The Economist online)

Reference no: EM13153161

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