• 2. A) Recently there have been calls to raise the minimum wage to $15/hour. Using a graph, demonstrate the likely effect on employment of a $15/hour minimum wage. In two sentences or fewer, explain what you have demonstrated with the graph. Important: any time you use a graph, you need to label the axes if you want full credit.
• B) Evaluate the validity of this statement: “A tax on corporations (suppliers) will simply be passed on in full to consumers (demanders).” Hint: Consider using a graph to make your point