Minimum wage If minimum wage is lower from whatever it is right now to $1 per hour, will there be more people working, less people working, or same number

Minimum wage If minimum wage is lower from whatever it is right now to $1 per hour, will there be more people working, less people working, or same number of people working? Why? Show your work in graph as well.

Min wage

https://www.dol.gov/whd/minwage/chart.htm

Lecture: Price control (price ceiling and price floor)

Lecture: what is non-binding price ceiling

Lecture: non-binding price floor due to a reduce in supply

(Hint: homework is about non-binding price floor with no shift in demand or supply curve)

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