Table 28-4 The following data is about the labor market in the city of Productionville. Wage Quantity Demanded Quantity Supplied (Dollars per hour) (Units) (Units) 8 6,000 16,000 7 9,000 14,000 12,000 12,000 15,000 10,000 4 18,000 8,000 Refer to Table 28-4. If the local government imposed a minimum wage of $4 Productionville, how many people would be unemployed? Ю а. 3,000 O b. 10,000 O c. 0 O d. 2,000
Table 28-4 The following data is about the labor market in the city of Productionville. Wage Quantity Demanded Quantity Supplied (Dollars per hour) (Units) (Units) 8 6,000 16,000 7 9,000 14,000 12,000 12,000 15,000 10,000 4 18,000 8,000 Refer to Table 28-4. If the local government imposed a minimum wage of $4 Productionville, how many people would be unemployed? Ю а. 3,000 O b. 10,000 O c. 0 O d. 2,000
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter14: Labor Markets And Income
Section: Chapter Questions
Problem 3SCQ: Table 14.12 shows the quantity demanded and supplied in the labor market for driving city buses in...
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