Write an introductory paragraph explaining the situation the article is outlining.
Explain how this will affect the employment situation in the fast food business: in the short-run…and in the long run. Use elasticity of demand in the fast food industry to help explain your answer. Also, keep in mind how this higher wage may affect other businesses not related to the fast food industry.
Explain how this will affect the overall inflation situation in California.
Explain how this will affect economic growth in California in the fast food industry…and in the state.
Summarize your paper.
Please write approximately two to three pages, double space, 11 point font size. Please submit your paper in PDF format. You should not use outside sources. Use only your notes and the textbook to answer the questions.
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