Use Figure: Minimum Wage and Job Loss II. If the government sets a minimum wage of $12 per hour, then the quantity of labor demanded is _____, and the quantity of labor supplied is:

Minimum Wage and Job Loss II

A) 1,000; 1,000.
B) 900; 1,200.
C) 1,200; 900.
D) 1,000; 1,200.

Question

Use Figure: Minimum Wage and Job Loss II. If the government sets a minimum wage of $12 per hour, then the quantity of labor demanded is _____, and the quantity of labor supplied is:
​
Minimum Wage and Job Loss II

A) 1,000; 1,000. 
B) 900; 1,200. 
C) 1,200; 900. 
D) 1,000; 1,200.

Quizplus · Accepted Answer

The Answer of Use Figure: Minimum Wage and Job Loss II. If the government sets a minimum wage of $12 per hour, then the quantity of labor demanded is _____, and the quantity of labor supplied is:
​
Minimum Wage and Job Loss II

A) 1,000; 1,000. 
B) 900; 1,200. 
C) 1,200; 900. 
D) 1,000; 1,200.