Business, 11.12.2019 19:31 hrcatena

The demand for labor is l = 4000minus−300w, where l is the number of workers demanded and w is the hourly wage rate. the supply of labor is l = 200w. the equilibrium wage rate in this market is $88, and the equilibrium quantity of labor is 16001600 workers. (enter your responses as integers.) a minimum wage law is passed that sets the minimum wage at $9 per hour. as a result, 13001300 workers are demanded and 18001800 workers are supplied, so unemployment is 500500workers. (enter your responses as integers.) do all workers benefit from the minimum wage law? no, because not everyone can find work at the higher wage. which group of workers will have the least difficulty finding work at the minimum wage? a. young and inexperienced workers. b. highly educated workers. your answer is correct. c. low skilled workers. d. all of the above. the deadweight loss from the minimum wage law is $nothing. (enter your response as an integer.)

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The demand for labor is l = 4000minus−300w, where l is the number of workers demanded and w is the h...

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