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Suppose the equilibrium wage rate for apricot pickers is $7.00 per hour and at that wage rate the eq

Loraine

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Suppose the equilibrium wage rate for apricot pickers is $7.00 per hour and at that wage rate the eq

Suppose the equilibrium wage rate for apricot pickers is $7.00 per hour and at that wage rate the equilibrium quantity of apricot pickers employed is 14,000. If the minimum wage is set at $7.50 per hour, then the
A) quantity of apricot pickers employed increases.
B) quantity of apricot pickers employed decreases.
C) quantity of apricot pickers employed does not change.
D) wage rate for apricot pickers decreases.
E) quantity of apricot pickers demanded does not change, and the quantity of apricot pickers supplied does not change.

Textbook

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Loraine Author

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8 years ago

Good timing, thanks!

vanna2014

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Yesterday

I appreciate what you did here, answered it right Smiling Face with Open Mouth

Transonic

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2 hours ago

Thanks

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