Assess students' ability to apply supply-and-demand analysis to evaluate how raising the minimum wage affects labor markets and related economic and social outcomes; include interpretation of labor supply and demand curves, identification of shifts versus movements along curves, short- and long-run effects on employment, wages, hours worked, prices, business costs, and distributional consequences, and require use of a simple graph or numerical example plus consideration of secondary effects (automation, informal work, poverty reduction, and local multipliers).