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Consider the Accompanying Figure Representing the Labor Market Below

Question 121

Multiple Choice

Consider the accompanying figure representing the labor market below. Suppose the government passes a minimum wage requiring employers to pay at least $8.00 per hour. Consider the accompanying figure representing the labor market below. Suppose the government passes a minimum wage requiring employers to pay at least $8.00 per hour.   As a result of the imposition of the minimum wage, total economic surplus falls by ________ per day A) $6,000 B) $8,000 C) $12,000 D) $24,000 As a result of the imposition of the minimum wage, total economic surplus falls by ________ per day


A) $6,000
B) $8,000
C) $12,000
D) $24,000

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