Consider the graph of the labor market shown here. If the government mandates a minimum wage of $25, there is a labor:

A)surplus of 6,000 workers.
B)surplus of 2,000 workers.
C)shortage of 2,000 workers.
D)surplus of 4,000 workers.

Question

Consider the graph of the labor market shown here. If the government mandates a minimum wage of $25, there is a labor:

A)surplus of 6,000 workers. 
B)surplus of 2,000 workers. 
C)shortage of 2,000 workers. 
D)surplus of 4,000 workers.

Quizplus · Accepted Answer

The Answer of Consider the graph of the labor market shown here. If the government mandates a minimum wage of $25, there is a labor:

A)surplus of 6,000 workers. 
B)surplus of 2,000 workers. 
C)shortage of 2,000 workers. 
D)surplus of 4,000 workers.

Consider the Graph of the Labor Market Shown Here