The minimum wage in california is currently 900 per hour, Ask an Expert

Economics

The minimum wage in California is currently $9.00 per hour. Suppose that in the market for unskilled labor, there is a surplus of labor at that price because the $9.00/hour is higher than the equilibrium wage. using a supply and demand graph, illustrate the market for unskilled labor as described above. (Wage is price, workers are supplier of labor, businesses are the demanders) if the California legislature votes to increase the minimum wage to $15 per hour what would be the impact on

A. the quantity of unskilled labor supplied in California

B The quantity of unskilled labor demanded in California

C. the number of unemployed workers in California

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91295252

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