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-In the Above Figure Suppose a Minimum Wage of $16

Question 131

Multiple Choice

  -In the above figure suppose a minimum wage of $16 per hour is imposed. As a result, the quantity of labor supplied is ________ hours and the quantity of labor demanded is ________ hours. A)  3,000; 4,000 B)  4,000; 4,000 C)  2,000; 4,000 D)  4,000; 2,000
-In the above figure suppose a minimum wage of $16 per hour is imposed. As a result, the quantity of labor supplied is ________ hours and the quantity of labor demanded is ________ hours.


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

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