Question: 4. Who would be the winners from a $19 minimum wage? Who would be the losers from a $19 minimum wage? With a $19 minimum
4. Who would be the winners from a $19 minimum wage? Who would be the losers from a $19 minimum wage? With a $19 minimum wage, _______ are the winners and _______ are the losers. A. all workers and all employers; the government B. workers who receive a higher wage; workers who become unemployed and firms who must pay a higher wage C. all employers; workers who become unemployed D. all workers; all employers Part 5 5. Graphical Analysis. The graph shows the market for low-skilled labor in Berkeley. The minimum wage is $10 an hour. Draw a line to show the minimum wage. Label it MW Subscript 0. Draw a point to show the quantity of labor employed when the minimum wage is $10 an hour. Label it 1. Draw a point to show the quantity of labor supplied. Label it 2. Then the minimum wage rises to $19 an hour. Draw a line to show the new minimum wage. Label it MW Subscript 1. Draw a point to show the quantity of labor employed when the minimum wage is $19 an hour. Label it 3. Draw a point to show the quantity of labor supplied. Label it 4
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