Answer Happy

Suppose the companying graph represents the market for fast food meals. The video mentions that proponents of increasing the minimum wage argue that the wage increase will lead to more consumer spending, which is a benefit to fast food restaurants Using the graph, thin the demand or supply curve and the equilibrium point to illustrate what happens to the market for fast food meals at the woment is true. Hold all else constant for this initial analysis Market for last Fed Meals O
Quantity of meals Equilibrium price Ostays the same. decreases. increases. Equilibrium quantity increases. stays the same. decreases.