-The figure above shows the demand for and supply of labour of students in Smallville. If the minimum wage is set at $4 per hour, how many hours do students work?
A) 12,000 hours
B) 6,000 hours
C) 9,000 hours
D) None of the above answers is correct.
Correct Answer:
Verified
Q12: Q13: Among the factors that create a deadweight Q14: A price ceiling can result in which Q15: When a tax is imposed on sellers, Q16: In general, a fine on smoking cigarettes Q18: A rent ceiling Q19: Which of the following is a correct Q20: The demand for and the supply of Q21: Q22: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) cannot change the market
