Figure: The Demand for Bricklayers (Figure: The Demand for Bricklayers) Look at the figure The Demand for Bricklayers.The equilibrium market wage for bricklayers is $100 a day, but there is a new minimum wage of $120 a day for bricklayers.From this information, we can see that:
A)three workers who otherwise would have been employed by this firm are now unemployed.
B)four workers will now be hired by this firm.
C)all bricklayers are better off.
D)this firm will shut down.

Question

Figure: The Demand for Bricklayers   (Figure: The Demand for Bricklayers) Look at the figure The Demand for Bricklayers.The equilibrium market wage for bricklayers is $100 a day, but there is a new minimum wage of $120 a day for bricklayers.From this information, we can see that:
A)three workers who otherwise would have been employed by this firm are now unemployed. 
B)four workers will now be hired by this firm. 
C)all bricklayers are better off. 
D)this firm will shut down.

Quizplus · Accepted Answer

The Answer of Figure: The Demand for Bricklayers   (Figure: The Demand for Bricklayers) Look at the figure The Demand for Bricklayers.The equilibrium market wage for bricklayers is $100 a day, but there is a new minimum wage of $120 a day for bricklayers.From this information, we can see that:
A)three workers who otherwise would have been employed by this firm are now unemployed. 
B)four workers will now be hired by this firm. 
C)all bricklayers are better off. 
D)this firm will shut down.

Figure: the Demand for Bricklayers (Figure: the Demand