Question: The following graphs illustrate the markets for two different types of labor. Suppose an identical minimum wage is imposed in both markets. In which market

The following graphs illustrate the markets for two different types of labor. Suppose an identical minimum wage is imposed in both markets. In which market will the minimum wage have the largest impact on employment? Why?

Wage (dollars per worker) $4.50 Labor (number of workers per year) Wage (dollars per worker) $4.50 Labor (number of workers per year)

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