Table 5.4
Table 5-4 shows the demand and supply schedules for labour market in the city of Pixley.
-Refer to Table 5.4.If a minimum wage of $12.50 an hour is mandated, the quantity of labour demanded is
A) 80 000
B) 550 000
C) 630 000
D) 1 180 000
Correct Answer:
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