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Table 32 Describes the Market for Day-Care Workers in the City

Question 95

Multiple Choice

Table 3.2 describes the market for day-care workers in the city of Vishna (quantity of workers in hundreds) .
Table 3.2 describes the market for day-care workers in the city of Vishna (quantity of workers in hundreds) .    -Refer to Table 3.2 to answer this question.Suppose that after the imposition of a minimum wage of $6.50,a number of new day-care 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 day-care workers. D) The wage would remain at $6.50,and there would now be 200 job vacancies. E) The wage would drop to $5,and there would be no unemployment.
-Refer to Table 3.2 to answer this question.Suppose that after the imposition of a minimum wage of $6.50,a number of new day-care 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 day-care workers.
D) The wage would remain at $6.50,and there would now be 200 job vacancies.
E) The wage would drop to $5,and there would be no unemployment.

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