Table 4-7
Table 4-7 shows the demand and supply schedules for the labor market in the city of Pixley.
-Refer to Table 4-7. If a minimum wage of $12.50 an hour is mandated, what is the quantity of labor supplied?
A) 80,000
B) 550,000
C) 630,000
D) 1,180,000

Question

Table 4-7
  Table 4-7 shows the demand and supply schedules for the labor market in the city of Pixley.
-Refer to Table 4-7. If a minimum wage of $12.50 an hour is mandated, what is the quantity of labor supplied?
A) 80,000 
B) 550,000 
C) 630,000 
D) 1,180,000

Quizplus · Accepted Answer

The quantity of labor supplied at a minimum wage of $12.50 an hour is 630,000, as indicated in Table 4-7.

Table 4-7 Table 4-7 Shows the Demand and Supply Schedules