evaluate the effect of a minimum wage on the market for low-wage labor.

evaluate the effect of a minimum wage on the market for low-wage labor..

From an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following: 1: Discuss what economic theory predicts will happen 2: Draw a supply and demand graph illustrating the effect of a minimum wage 3: Discuss what elasticity conditions would economic theory prove to be true or false.

evaluate the effect of a minimum wage on the market for low-wage labor.

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