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Answer to Question #89044 in Economics for Kgalalelo Ramocha

Question #89044
In the labour market for carpenters, the current market clearing wage rate is R800 per day. With the aid of a diagram, discuss the welfare effects of government intervention in the form of legislation that sets the minimum wage rate for a carpenter at R1000 per day.
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Expert's answer
2019-05-02T12:00:45-0400
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