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Table 4-4 Shows the Demand and Supply Schedules for the Labor

Question 30

Multiple Choice

Table 4-4 shows the demand and supply schedules for the labor market in the city of Pixley. -Refer to Table 4-4. If a minimum wage of $12.50 is mandated, there will be a A) shortage of 40,000 units of labor. B) surplus of 40,000 units of labor. C) shortage of 80,000 units of labor. D) surplus of 80,000 units of labor.
Table 4-4 shows the demand and supply schedules for the labor market in the city of Pixley.
-Refer to Table 4-4. If a minimum wage of $12.50 is mandated, there will be a


A) shortage of 40,000 units of labor.
B) surplus of 40,000 units of labor.
C) shortage of 80,000 units of labor.
D) surplus of 80,000 units of labor.

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