Labor supply and demand curves for cashiers in supermarkets

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Reference no: EM131092419

Draw labor supply and demand curves for cashiers in supermarkets.

a) Show the effect of a rise in the minimum wage to above the current wage rate

b) do you anticipate large employment gains or losses?

c) Show the area of wages (employment times the wage). What happens to thsi area with the increase in the minimum wage?

Reference no: EM131092419

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