Multiple Choice
The data shows the market for daycare workers in a particular city:
(quantity of workers in hundreds)

-Refer to the information above to answer this question.What are the implications if this market is in equilibrium?
A) The wage rate would be $5 an hour and there would be 400 unemployed daycare workers.
B) The wage rate would be $5.50 an hour and there would be 200 unemployed daycare workers.
C) The wage rate would be $6 an hour and there would be no unemployed daycare workers.
D) The wage rate would be $6.50 an hour and there would be 200 unemployed daycare workers.
E) The wage rate would be $5 an hour and there would be 1,300 unemployed daycare workers.
Correct Answer:
Verified
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