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 total unemployed ( )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 total unemployed (  )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 total unemployed (  )will be
A) 20 
B) 40 
C) 60 
D) 80

Suppose the Market for Labor Is Perfectly Competitive and the Demand