Refer to the graph shown. If government establishes a minimum wage at $7.25 per hour:
A) employers will be unable to find enough qualified applicants to fill the available positions.
B) the number of job seekers will exceed the number of job vacancies, resulting in some unemployment.
C) employers will be forced to hire 900 workers, resulting in reduced profits.
D) there will be a shortage in this labor market.

Question

Refer to the graph shown. If government establishes a minimum wage at $7.25 per hour: 
A) employers will be unable to find enough qualified applicants to fill the available positions. 
B) the number of job seekers will exceed the number of job vacancies, resulting in some unemployment. 
C) employers will be forced to hire 900 workers, resulting in reduced profits. 
D) there will be a shortage in this labor market.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If government establishes a minimum wage at $7.25 per hour: 
A) employers will be unable to find enough qualified applicants to fill the available positions. 
B) the number of job seekers will exceed the number of job vacancies, resulting in some unemployment. 
C) employers will be forced to hire 900 workers, resulting in reduced profits. 
D) there will be a shortage in this labor market.

Refer to the Graph Shown