-The labour demand and labour supply schedules are given in the table above. If a minimum wage of $9 per hour is imposed,
A) there is no surplus or shortage of workers.
B) there is unemployment of 700 workers.
C) the quantity demanded is 1,000 workers.
D) a shortage of 300 workers occurs.
E) a surplus of 300 workers occurs.

Question

-The labour demand and labour supply schedules are given in the table above. If a minimum wage of $9 per hour is imposed,
A) there is no surplus or shortage of workers. 
B) there is unemployment of 700 workers. 
C) the quantity demanded is 1,000 workers. 
D) a shortage of 300 workers occurs. 
E) a surplus of 300 workers occurs.

Quizplus · Accepted Answer

The Answer of 
-The labour demand and labour supply schedules are given in the table above. If a minimum wage of $9 per hour is imposed,
A) there is no surplus or shortage of workers. 
B) there is unemployment of 700 workers. 
C) the quantity demanded is 1,000 workers. 
D) a shortage of 300 workers occurs. 
E) a surplus of 300 workers occurs.

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