evaluate the effect of a minimum wage on the market for low wage labor 1

From 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 happen
Draw a supply and demand graph illustrating the effect of a minimum wage
Discuss what elasticity conditions would economic theory prove to be true or false.

Adhere to the following standards:

Your paper should be three to five pages in length, not including the title or references pages.
Review the grading rubric.
Incorporate at least three scholarly references that are not required readings for this module. The CSU-Global Library is a good place to find these references.
Be sure to follow the CSU-Global Guide to Writing and APA Requirements (Links to an external site.)Links to an external site..
Your paper should include an introduction, a body with at least two fully developed paragraphs, and a conclusion.