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Figure 3.10 -In Figure 3.10, What Is the Result If the Government

Question 91

Multiple Choice

Figure 3.10 -In Figure 3.10, what is the result if the government establishes a minimum wage of $5 in this market? A) There would be 2000 unemployed workers. B) There would be 3000 unemployed workers. C) Firms would employ 18 000 workers. D) It would have no effect on the market. Figure 3.10
-In Figure 3.10, what is the result if the government establishes a minimum wage of $5 in this market?

A) There would be 2000 unemployed workers.
B) There would be 3000 unemployed workers.
C) Firms would employ 18 000 workers.
D) It would have no effect on the market.

Correct Answer: