Problem
In the chapter, you saw that an increase in Vermont's minimum wage stimulated a small quantity response.
a. What does this tell you about the nature of the labor market in Vermont? (Hint: Think carefully and critically about the conditions shaping worker options and their responses to changes in wages.)
b. What policy implications does your answer to a suggest? (Institutionalist)
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.