Multiple Choice

-The above figure shows the market for finish carpenters in Bozeman.If there is a minimum wage set at $18,what is true?
A) The lowest wage for which someone is willing to work is $18 an hour.
B) The quantity of jobs increases to 400.
C) The lowest wage for which someone is willing to work is $20 an hour.
D) 200 workers are employed.
E) The quantity of jobs demanded is more than the quantity supplied.
Correct Answer:
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Related Questions
Q115: Q116: A minimum wage Q117: The people who immediately benefit from a![]()
A) increases all workers' surplus