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Consider the Labor Market Below

Question 113

Multiple Choice

Consider the labor market below. Suppose the government passes a minimum wage requiring employers to pay at least $8.00 per hour. Consider the labor market below. Suppose the government passes a minimum wage requiring employers to pay at least $8.00 per hour. Employment will fall by ______ person-hours per day as a result of the minimum wage. A) 2,000 B) 4,000 C) 6,000 D) 8,000 Employment will fall by ______ person-hours per day as a result of the minimum wage.


A) 2,000
B) 4,000
C) 6,000
D) 8,000

Correct Answer:

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