Figure 8.1-Apple Production
-In Figure 8.1,a minimum wage of $20 will result in a surplus of _____ workers.

Name: Figure 8.1-Apple Production -In Figure 8.1,a minimum wage of $20 will result in a surplus of _____ workers.
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Question

Figure 8.1-Apple Production 
-In Figure 8.1,a minimum wage of $20 will result in a surplus of _____ workers.

Quizplus · Accepted Answer

Looking at the graph, at a minimum wage of $20, the quantity of labor supplied is greater than the quantity of labor demanded, resulting in a surplus of 56 workers.