Write legibly, what I cannot read I cannot grade. Make sure that you label the graph completely and indicate all known information on the graph. Consider your solution to 24. and 25. Given the current Covid-19 situation, which makes it much harder for businesses to operate, what is your prediction that happens to the welfare implications if there is a minimum wage in place? Show graphically and explain. To get full credit you need to a) draw and explain an effective minimum wage b) in the same graph indicate and explain the impact of Covid-19 on the cost of running a business c) properly indicate and explain a loss or gain in welfare compared to the case without Covid-19, but with a minimum wage. (20 points) Upload Choose a File