Use the table below to answer the following questions.
Table 6.2.1
-Table 6.2.1 gives the supply and demand schedules for teenage labour in Genoa City.Suppose the Genoa City Council sets a minimum wage of $14 per hour.Teenage unemployment is ________ hours a week.
A)800
B)600
C)400
D)200
E)zero

Question

Use the table below to answer the following questions.
Table 6.2.1 
-Table 6.2.1 gives the supply and demand schedules for teenage labour in Genoa City.Suppose the Genoa City Council sets a minimum wage of $14 per hour.Teenage unemployment is ________ hours a week.
A)800 
B)600 
C)400 
D)200 
E)zero

Quizplus · Accepted Answer

At a minimum wage of $14 per hour, the quantity of labour supplied is 1,200 hours per week, while the quantity of labour demanded is only 400 hours per week. Therefore, teenage unemployment is 1,200 - 400 = 800 hours per week.

Use the Table Below to Answer the Following Questions