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Reference: Ref 11-1 (Figure: Labor Market) Refer to the Figure

Question 45

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Reference: Ref 11-1 (Figure: Labor Market) Refer to the figure. What is the number of people who are employed at the market clearing wage? How many people end up unemployed due to the implementation of a $10 minimum wage? A) 40 thousand; 20 thousand B) 40 thousand; 40 thousand C) 60 thousand; 40 thousand D) 60 thousand; 20 thousand Reference: Ref 11-1 (Figure: Labor Market) Refer to the figure. What is the number of people who are employed at the market clearing wage? How many people end up unemployed due to the implementation of a $10 minimum wage?


A) 40 thousand; 20 thousand
B) 40 thousand; 40 thousand
C) 60 thousand; 40 thousand
D) 60 thousand; 20 thousand

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