Suppose that the graph depicts the labor market for personal care aides in Morgantown, West Virginia. If the government enacts a minimum wage of $11, how many personal care aides will be employed? Price $11 $10 2000 4000 5000 Labor supply Labor demand Quantity of workers

Suppose that the graph depicts the labor market for personal care aides in Morgantown, West Virginia. If the government enacts a minimum wage of $11, how many personal care aides will be employed? Price $11 $10 2000 4000 5000 Labor supply Labor demand Quantity of workers

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 20RQ: Whether the product market or the labor market, what happens to line equilibrium price and quantity...

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Question

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Suppose that the graph depicts the labor market for personal care aides in Morgantown, West Virginia. If the government
enacts a minimum wage of $11, how many personal care aides will be employed?
Price
$11
$10
2000 4000 5000
O5,000
2,000
3,000
4,000
Labor supply
Labor demand
Quantity of
workers

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