If the college introduces a strictly enforced minimum wage of $11.50 an hour, how many students are

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If the college introduces a strictly enforced minimum wage of $11.50 an hour, how many students are employed, how many are unemployed, and what is the lowest wage at which some students would be willing to work?

TABLE 2 Quantity Quantity Wage rate demanded supplied (dollars per hour) (student workers) 10.00 10.50 11.00

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

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