contestada

1
Select the correct location on the graph.
Which point on the graph shows minimum wage as the price floor?
labor supply
$18
minimum wage
Wages
$12
H
equilibrium wage
1
labor demand
18 33 45
Number of Workers
Reset
Next

1 Select the correct location on the graph Which point on the graph shows minimum wage as the price floor labor supply 18 minimum wage Wages 12 H equilibrium wa class=

Respuesta :

kroysdon2005

Answer:

equilibrium wage is the minimum wage as the price floor

MrRoyal

The point on the graph that shows the minimum wage as the price floor is (18,18)

What are graphs?

Graphs are used to visualize the relationship between datasets and variables

From the complete question, we have the following highlights:

  • The equilibrium wage is $12
  • The minimum wage is $12

Hence, the point on the graph that shows the minimum wage as the price floor is (18,18)

Read more about graphs and charts at:

https://brainly.com/question/24741444

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