Suppose the demand for labor is w = 300 - 2Q and the supply of labor is w = Q.If a price floor is set at $50,then the equilibrium
A) Wage is $100 and quantity is 100
B) Wage is $100 and quantity is 50
C) Wage is $50 and quantity is 100
D) Wage is $50 and quantity is 50
Correct Answer:
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