Question

Can someone please help me!
Create a graph to show the effect (shortage or surplus) of the government regulation you chose. Discuss why these issues do or do not affect your claim. Include the appropriate labels for your graph such as:

price
quantity
supply
demand
surplus or shortage

Answer 1

I chose that the government should raise the minimum wage

Answer 2

@robtobey @Luigi0210 @e.cociuba @Ashleyisakitty @Kfins99 can one of you guys help me please, ill fan and give a medal :[

Answer 3

I think they want you to make an item, and market that.

Answer 4

@e.mccormick

Answer 5

its not that, Its part of a bigger project where I find the good and bad in the outcome of raising minimum wage.... but I have no clue how I put the effects on a graph... they gave an example but no intructions Ill post the pic

Answer 6

Here it is, my teacher told me its supposed to look like this

Answer 7

I'm sorry, but I have absolutely no clue how to do this! But I'm still trying to figure it out

Answer 8

it's okay lol thank you though

Answer 9

Have you asked your teacher how in the world to do it?

Answer 10

I did and he gave me a video, but it just read the lesson... and then i told him the video didnt help and thats when he said the graph should look like the one i showed you.... and then he told me to call him but I'm very busy but its okay thanks for your time though

Answer 11

Price= New price of the increased minimum wage
Quantity= How many jobs get bumped up to the new minimum wage
Supply= How many jobs are being filled
Demand= How many job spots are left

I have no clue what a surplus or shortage is XD

Answer 12

Surplus= how many jobs in total

Answer 13

lol thanks I'll just call him when i have time

Answer 14

Lawl, alrighty :P

Answer 15

ooh thank you!!! I was stuck, I love you guys