Problem
1. (Advanced) Using supply and demand curves in the market for fast food, what are the effects of an increase in the minimum wage in this market? Think about shifts in both the supply curve and the demand curve. Explain your predictions.
2. Why isn't an increase in the minimum wage just a redistribution from firms to workers?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.