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Home Q & A Board Other Fields Homework Help Business Economics
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RHCP12 RHCP12
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A year ago
The following figure shows the labor demand curve, LD1, and labor supply curve, LS1, in a market.




Refer to the figure above. If the government institutes a minimum wage rate of $30, the unemployment in the market will be ________.

▸ 15 units of labor

▸ 25 units of labor

▸ 10 units of labor

▸ 20 units of labor
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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lizwalkerlizwalker
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A year ago
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RHCP12 Author
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A year ago
Smart ... Thanks!
amandamraz
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Yesterday
This helped my grade so much Perfect
Holly72492
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2 hours ago
Thanks for your help!!
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