-Refer to Table 5-4. If a minimum wage of $12.50 an hour is mandated, what is the quantity of labour demanded?

Name: -Refer to Table 5-4. If a minimum wage of $12.50 an hour is mandated, what is the quantity of labour demanded?
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At a minimum wage of $12.50 an hour, the quantity of labour demanded is the same as the quantity of labour supplied at that wage, which is 550,000. This can be seen from the intersection of the demand and supply curves at $12.50 in Table 5-4.