Table 43 Table 43 Shows the Demand and Supply Schedules for the Labour
Question 63
Question 63
Multiple Choice
Table 4.3 Hourly Wage (dollars) $7.508.509.5010.5011.5012.50 Quantity of Labour Supplied 530,000550,000570,000590,000610,000630,000 Quantity of Labour Demanded 650,000630,000610,000590,000570,000550,000 Table 4.3 shows the demand and supply schedules for the labour market in the city of Oshawa. -Refer to Table 4.3.If a minimum wage of $9.50 an hour is mandated, what is the quantity of labour demanded?
A) 40,000 B) 570,000 C) 610,000 D) 1,180,000
Correct Answer:
Verified
Unlock this answer now Get Access to more Verified Answers free of charge