(Answered) From an economic standpoint evaluate the effect of a

Economics

From an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following:

Discuss what economic theory predicts will happen
Draw a supply and demand graph illustrating the effect of a minimum wage
Discuss what elasticity conditions would economic theory prove to be true or false.

Adhere to the following standards:

Your paper should be three pages in length, not including the title or references pages.
Review the grading rubric, which may be found in the Week 8 folder.
Be sure to follow the CSU-Global Guide to Writing and APA Requirements.
Your paper should include an introduction, a body, and a conclusion.

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