Test students' ability to apply supply-and-demand analysis to predict how a minimum wage increase impacts small businesses and local employment. Scope: identify and illustrate labor supply and demand shifts, evaluate wage and employment elasticities, distinguish short- and long-run outcomes, consider price pass-through, changes in hours/hiring, potential business closures, and heterogenous effects across market structures; require diagram interpretation and concise qualitative or simple quantitative reasoning for likely outcomes.