Multiple Choice
Table 4-3
Table 4-3 shows the demand and supply schedules for the low-skilled labor market in the city of Westover.
-Refer to Table 4-3.If a minimum wage of $9.50 an hour is mandated,what is the quantity of labor demanded?
A) 380,000
B) 370,000
C) 360,000
D) 10,000
Correct Answer:
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A)must