Module 3: Critical Thinking | SchoologyFrom an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following:Discuss what economic theory predicts...

Module 3: Critical Thinking | SchoologyFrom an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following:Discuss what economic theory predicts will happenDraw a supply and demand graph illustrating the effect of a minimum wageDiscuss what elasticity conditions would economic theory prove to be true or false.Adhere to the following standards:Your paper should be three pages in length, not including the title or references pages.Review the grading rubric, which may be found in the Week 8 folder.Be sure to follow the CSU-Global Guide to Writing and APA Requirements.Your paper should include an introduction, a body, and a conclusion.