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Refer to Figure 6-9. In this market, a minimum wage of $7.00 creates a labor

Sagot :

Tundexi

A minimum wage of $7.00 in the market creates a labor that is binding and creates unemployment.

What is minimum wage?

A minimum wage means the ceiling wage that must be paid to the labor.

Hence, the minimum wage of $7.00 in the market creates a labor that is binding and creates unemployment.

Therefore, the Option C is correct.

Raed more about minimum wage

brainly.com/question/25863464

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