Economics 1

economics_1.docx

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

 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