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-In the Above Figure Suppose a Minimum Wage of $8

Question 8

Multiple Choice

-In the above figure suppose a minimum wage of $8 per hour is imposed. As a result, the quantity of labour supplied is _______ hours and the quantity of labour demanded is _______ hours. A) 4,000; 4,000 B) 3,000; 4,000 C) 4,000; 2,000 D) 2,000; 4,000
-In the above figure suppose a minimum wage of $8 per hour is imposed. As a result, the quantity of labour supplied is _______ hours and the quantity of labour demanded is _______ hours.


A) 4,000; 4,000
B) 3,000; 4,000
C) 4,000; 2,000
D) 2,000; 4,000

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