When the price of a cheeseburger is $4, the equilibrium wage in the fast-food labor market...

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When the price of a cheeseburger is $4, the equilibrium wage in the fast-food labor market is $ per hour. Suppose that the demand for cheeseburgers increases enough so that the price of a cheeseburger rises to $8. Ordinarily, this would result in a new equilibrium employment level and wage in the labor market for young people who work in fast-food restaurants. However, restaurants claim they can only afford to pay the initial equilibrium wage. In this labor market, if the price of cheeseburgers increases, but restaurants continue to pay the equilibrium wage that prevailed before the increase in demand for cheeseburgers, there will be a labor workers. of When the price of a cheeseburger is $4, the equilibrium wage in the fast-food labor market is $ per hour. Suppose that the demand for cheeseburgers increases enough so that the price of a cheeseburger rises to $8. Ordinarily, this would result in a new equilibrium employment level and wage in the labor market for young people who work in fast-food restaurants. However, restaurants claim they can only afford to pay the initial equilibrium wage. In this labor market, if the price of cheeseburgers increases, but restaurants continue to pay the equilibrium wage that prevailed before the increase in demand for cheeseburgers, there will be a labor workers. of

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