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-The Figure Above Shows the Demand for and Supply of Labor

Question 113

Multiple Choice

-The figure above shows the demand for and supply of labor of students in Smallville. If the minimum wage is set at $16 per hour, how many hours of students' labor are unemployed? A) 12,000 hours B) 9,000 hours C) 6,000 hours D) 0 hours
-The figure above shows the demand for and supply of labor of students in Smallville. If the minimum wage is set at $16 per hour, how many hours of students' labor are unemployed?


A) 12,000 hours
B) 9,000 hours
C) 6,000 hours
D) 0 hours

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