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The Data Shows the Market for Daycare Workers in a Particular

Question 55

Multiple Choice

The data shows the market for daycare workers in a particular city:
(quantity of workers in hundreds)
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.Suppose that after the imposition of a minimum wage of $6.50,a number of new daycare centres opened up increasing the demand for workers by 400.In what way would this market be affected? A) The wage would increase to $7 and there would be no unemployment. B) The wage would remain at $6.50 but there would now be no unemployment. C) The wage would remain at $6.50 and there would now be 200 unemployed daycare workers. D) The wage would remain at $6.50 and there would now be 200 vacancies. E) The wage would drop to $5 and there would be no unemployment.
-Refer to the information above to answer this question.Suppose that after the imposition of a minimum wage of $6.50,a number of new daycare centres opened up increasing the demand for workers by 400.In what way would this market be affected?


A) The wage would increase to $7 and there would be no unemployment.
B) The wage would remain at $6.50 but there would now be no unemployment.
C) The wage would remain at $6.50 and there would now be 200 unemployed daycare workers.
D) The wage would remain at $6.50 and there would now be 200 vacancies.
E) The wage would drop to $5 and there would be no unemployment.

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