Suppose the market for labor is perfectly competitive and the demand for labor is and market supply is .If a minimum wage is imposed at W = 8,the number of workers hired will be
A) 20
B) 40
C) 60
D) 80

Question

Suppose the market for labor is perfectly competitive and the demand for labor is  and market supply is  .If a minimum wage is imposed at W = 8,the number of workers hired will be
A) 20 
B) 40 
C) 60 
D) 80

Quizplus · Accepted Answer

The Answer of Suppose the market for labor is perfectly competitive and the demand for labor is  and market supply is  .If a minimum wage is imposed at W = 8,the number of workers hired will be
A) 20 
B) 40 
C) 60 
D) 80

Suppose the Market for Labor Is Perfectly Competitive and the Demand