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Strike441 [17]
3 years ago
3

Based on the graph, how many people are willing to work when the government of a country raises the minimum wage from $17 to $25

?
A) 9
B) 12
C) 16
D) 19
E) 28

Random answers will be reported!

Social Studies
2 answers:
dybincka [34]3 years ago
8 0

The correct answer is 28.

When a minimum wage is set above the equilibrium price (price at which the amount of labor offered and supply is equal)<u> there is a situation of excess supply. There is more people willing to work (28)</u>, than the amount of employees demanded by companies (9). Therefore, in opposition to an equilibrium situation, there is unemployment when a minimum wage is set.

Andreas93 [3]3 years ago
7 0

Answer: 28

Explanation:

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