Question: Question 1 (20 Marks) Apply the information in the article provided above, together with your knowledge of the market supply and demand curves describe how

Question 1 (20 Marks) Apply the information in the article provided above, together with your knowledge of the market supply and demand curves describe how the market will react to the introduction of a statutory minimum wage. Indicate what the likely effect would be on the unemployment situation in South Africa if the minimum wage rate is set above the equilibrium wage rate

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