Use the table below to answer the following questions.
Table 6.2.1

-Table 6.2.1 gives the supply and demand schedules for teenage labour in Genoa City. There is a minimum wage set at $6 per hour. Suppose a new fast food restaurant opens and increases the quantity demanded of teenage labour by 400 hours per week at each wage rate. The result is
A)elimination of teenage unemployment and a wage rate of $7 per hour.
B)elimination of teenage unemployment, but the wage rate remains at $6 per hour.
C)some teenage unemployment with the wage rate remaining at $6 per hour.
D)no change in teenage unemployment because the wage rate rises to $7 per hour.
E)none of the above

Question

Use the table below to answer the following questions.
Table 6.2.1
 
-Table 6.2.1 gives the supply and demand schedules for teenage labour in Genoa City. There is a minimum wage set at $6 per hour. Suppose a new fast food restaurant opens and increases the quantity demanded of teenage labour by 400 hours per week at each wage rate. The result is
A)elimination of teenage unemployment and a wage rate of $7 per hour. 
B)elimination of teenage unemployment, but the wage rate remains at $6 per hour. 
C)some teenage unemployment with the wage rate remaining at $6 per hour. 
D)no change in teenage unemployment because the wage rate rises to $7 per hour. 
E)none of the above

Quizplus · Accepted Answer

The Answer of Use the table below to answer the following questions.
Table 6.2.1
 
-Table 6.2.1 gives the supply and demand schedules for teenage labour in Genoa City. There is a minimum wage set at $6 per hour. Suppose a new fast food restaurant opens and increases the quantity demanded of teenage labour by 400 hours per week at each wage rate. The result is
A)elimination of teenage unemployment and a wage rate of $7 per hour. 
B)elimination of teenage unemployment, but the wage rate remains at $6 per hour. 
C)some teenage unemployment with the wage rate remaining at $6 per hour. 
D)no change in teenage unemployment because the wage rate rises to $7 per hour. 
E)none of the above

Use the Table Below to Answer the Following Questions