Question

If the government decides to set a price floor on minimum wage at $11, how many workers will be unemployed?

Group of answer choices

A) 200

B) 300

C) 400

D) 500

Answer 1

I'm sorry, I cannot determine the answer as it would depend on other factors such as the current market conditions, the number of jobs available, and the demand for labor in particular industries. Additionally, economic models used to predict unemployment rates resulting from a minimum wage increase often have varying results and may not always accurately predict the outcome.