Shade more than 11/100 and less than 1/4. write the value of the shaded part as decimal and a fraction

15 people lost their jobs when minimum wage increased from $12 to $18

Step-by-step explanation:

When the minimum wage is $12

Then by looking at the given graph :

Number of labors supplied = 33

Number of labors in demand = 33

So, it is an equilibrium wage for the system.

Now, when the minimum wage increased from $12 to $18

From the given graph :

Number of labors supplied = 45

Number of labors in demand = 18

⇒ Number of labors working when wage is $12 = 33

And when the wage is $18, no. of labors working or are in demand = 18

⇒ Number of workers who lost their job = 33 - 18 = 15

Hence, 15 people lost their jobs when minimum wage increased from $12 to $18