-The labour demand and labour supply schedules are given in the table above. If a minimum wage of $11 per hour is imposed,
A) a surplus of 300 workers occurs.
B) 900 workers are employed.
C) there is no shortage or surplus of workers.
D) Both answers B and C are correct.
E) Both answers A and C are correct.

Question

-The labour demand and labour supply schedules are given in the table above. If a minimum wage of $11 per hour is imposed,
A) a surplus of 300 workers occurs. 
B) 900 workers are employed. 
C) there is no shortage or surplus of workers. 
D) Both answers B and C are correct. 
E) Both answers A and C are correct.

Quizplus · Accepted Answer

At a minimum wage of $11 per hour, the quantity of labor supplied exceeds the quantity of labor demanded, creating a surplus of workers.

-The Labour Demand and Labour Supply Schedules Are Given in the Table