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Unformatted text preview: c. A stagecoach industry worker laid off because of competition from railroads d. A short order cook who loses his job when a new restaurant opens across the street e. An expert welder with little formal education who loses her job when the company installs automatic welding machinery 2 Q6. Using a diagram of the labor market, show the effect of an increase in the minimum wage on the wage paid to workers, the number of workers supplied, the number of workers demanded, and the amount of unemployment. 3...
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This note was uploaded on 11/16/2011 for the course ECON 202 taught by Professor Kim during the Fall '11 term at CSU Fullerton.
- Fall '11