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With the aid of a fully labelled diagram

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With the aid of a fully labelled diagram, explain the difference between the government enforcing a minimum wage below the equilibruim wage rate, and the govenment enforcing a minimum wage above the equilibruim wage rate.

With the aid of a fully labelled diagram, explain what would happen in the market for Ricoffy if the price of Frisco Coffee increases ceteris paribus.

Reference no: EM132317962

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