shaelycole2501 shaelycole2501

03-06-2023
Business

contestada

Use the diagram and model of a Price Floor in a Demand and Supply diagram to describe a minimum wage law in a low-skilled labour market.
Discuss what the diagram tells us about outcomes such as unemployment, potential winners and losers, and economic efficiency.
What factors about the demand or supply of low-skilled labour in this labour market might be important to the outcomes?

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