Business, 26.07.2020 01:01 quarrella

PLEASE HELP Create a graph to show the effect (shortage or surplus) of raising the minimum wage. Discuss why these issues do or do not affect your claim(My claim is that we should raise minimum wage). Include the appropriate labels for your graph such as: price quantity supply demand surplus or shortage

Answers: 2

Show answers

Answers

Answer from: aidy8665

Demand and supply are the two important factors of the market that determines the economic activities as well as the production and distribution series of the firms.

Demand has an inverse relationship with price and price has a positive relationship with supply. When the price of the quantity goes high, the demand for the quantity decreases, and the supply increases with the increase in price.

In the case of the laborers and the wage. The availability of the labor or the demand of the labor is more and the supply is less, the wages will be high and on the other hand, when the labor will be less demanded and the supply is more, the wages will be less. This is also the minimum higher wage policy of the firms.

The graph has been attached below to analyze the surplus supply.

To know more about the shortage or surplus, refer to the link below:

link

PLEASE HELP Create a graph to show the effect (shortage or surplus) of raising the minimum wage. Dis

Answer from: ponylover9558

Raising the minimum wage has the effect of producing an excess supply of workers, because the wage is set at a price where supply of workers is higher than the demand of firms for hiring them, and since the wage is not allowed to go any lower, this excess supply remains unsolved.

This situation affects low-skilled workers in particular, and those who are not as productive to be paid the minimum wage, are essentially left out of the labor market.

Answer from: Quest

all of them make sense but, i would have to say ask someone who has been there/or lives there, and/or read recent newspapers from that city.

hope this !

Answer from: Quest

apex verified answer < 3

: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : d. choose to : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :

i really hope this < 3 < 3 < 3

Other questions on the subject: Business

Business, 21.06.2019 14:00, asialuv

Proportion of us adults who own a cell phone. in a survey of 1006 us adults in 2014, 90% said they had a cell phone.1

Answers: 2

continue

Business, 22.06.2019 13:40, madisonrparks

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities. required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.

Answers: 2

continue

Business, 22.06.2019 20:00, bwelsh880

Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49

Answers: 1

continue

Business, 22.06.2019 20:00, HahaHELPP

In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer

Answers: 1

continue

You know the right answer?

PLEASE HELP Create a graph to show the effect (shortage or surplus) of raising the minimum wage. Dis...