Business, 14.02.2020 21:58 nev322

LinkedIn opens a new office in Los Angeles. At the same time, a new minimum wage is implemented in Los Angeles that increases wages of all workers. What happens in the local coffee shop market to demand, supply, and equilibrium price and quantity? (Hint: software engineers work long hours and need caffeine and coffee shops hire workers at low wages that are affected by the change in regulation.)

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LinkedIn opens a new office in Los Angeles. At the same time, a new minimum wage is implemented in L...