The graph shows the market for gardeners organized by the Gardeners Federation in Detroit, Michigan. If...

 

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The graph shows the market for gardeners organized by the Gardeners Federation in Detroit, Michigan. If the Gardeners' Federation sets the minimum wage for gardeners at $10.00 an hour, this minimum wage is OA. inefficient because at the minimum wage a surplus of labor arises and fair because all transactions are voluntary OB. efficient because the equilibrium quantity of labor and the equilibrium wage rate do not change and unfair because employers must pay more than the equilibrium price for labor OC. inefficient because at the minimum wage a surplus of labor arises and unfair because employers must pay more than the equilibrium price for labor OD. efficient because the equilibrium quantity of labor and the equilibrium wage rate do not change and fair because everyone who wants a job as a gardener at the equilibrium wage rate can find one Click 25.00 22.50 20.00- 17.50 15.00- 12.50- 10.00- 7.50- Wage rate (dollars per hour) 5.00+ III Question Help S D 715 150 225 300 375 450 525 600 Quantity (gardeners) Q a G The graph shows the market for gardeners organized by the Gardeners Federation in Detroit, Michigan. If the Gardeners' Federation sets the minimum wage for gardeners at $10.00 an hour, this minimum wage is OA. inefficient because at the minimum wage a surplus of labor arises and fair because all transactions are voluntary OB. efficient because the equilibrium quantity of labor and the equilibrium wage rate do not change and unfair because employers must pay more than the equilibrium price for labor OC. inefficient because at the minimum wage a surplus of labor arises and unfair because employers must pay more than the equilibrium price for labor OD. efficient because the equilibrium quantity of labor and the equilibrium wage rate do not change and fair because everyone who wants a job as a gardener at the equilibrium wage rate can find one Click 25.00 22.50 20.00- 17.50 15.00- 12.50- 10.00- 7.50- Wage rate (dollars per hour) 5.00+ III Question Help S D 715 150 225 300 375 450 525 600 Quantity (gardeners) Q a G

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The graph shows the supply and demand curves for gardeners in DetroitMichiganThe equilibrium point ... View the full answer