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Based on the graph, how many people are willing to work when the government of a country raises the minimum wage from $17 to $25?

A) 9
B) 12
C) 16
D) 19
E) 28

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Based on the graph how many people are willing to work when the government of a country raises the minimum wage from 17 to 25 A 9 B 12 C 16 D 19 E 28 Random ans class=

Respuesta :

Answer: 28

Explanation:

palebadgworthy

The correct answer is 28.

When a minimum wage is set above the equilibrium price (price at which the amount of labor offered and supply is equal) there is a situation of excess supply. There is more people willing to work (28), than the amount of employees demanded by companies (9). Therefore, in opposition to an equilibrium situation, there is unemployment when a minimum wage is set.

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