In Figure 30.2, a minimum wage of $20 will result in a

Question

Quizplus · Accepted Answer

Based on the graph, at a minimum wage of $20, the quantity supplied of workers is 240, while the quantity demanded is only 208. This creates a surplus of 32 workers. Therefore, option C is the correct answer. Option A and B are incorrect because they both imply a shortage, which is not the case at this minimum wage level. Option D is also incorrect because it implies a surplus of only 20 workers, which is not equal to the surplus shown on the graph.