Discuss what economic theory predicts will happen

From an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following:

 Discuss what economic theory predicts will happen

 Draw a supply and demand graph illustrating the effect of a minimum wage

 Discuss what elasticity conditions would economic theory prove to be true or false.

 

times new roman, 12 point font, double spaced, apa style, 3 to four pages, at least 2 sources

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