The market for hamburger flippers
Price of labour ($ per hour): Quantity of hours demanded: Quantity of hours supplied:
9 40 60
8 45 55
7 50 50
6 55 45
5 60 40
Look at the table for the market for hamburger flippers. If the minimum wage in this market is $8, what is the impact on the market? Who are the winners and losers of the minimum wage? Draw a graph and mark the areas to show the impact of the minimum wage.