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Use the Following to Answer Questions: Figure: Labor Supply and Demand

Question 104

Multiple Choice

Use the following to answer questions: Figure: Labor Supply and Demand Use the following to answer questions: Figure: Labor Supply and Demand -(Figure: Labor Supply and Demand) Refer to the figure. What is the unemployment rate caused by the labor union's action to increase its wage demands to $11 an hour? A) 40% B) 60% C) 66.7% D) 75.6%
-(Figure: Labor Supply and Demand) Refer to the figure. What is the unemployment rate caused by the labor union's action to increase its wage demands to $11 an hour?


A) 40%
B) 60%
C) 66.7%
D) 75.6%

Correct Answer:

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