Figure 28-4
-Refer to Figure 28-4. If the government imposes a minimum wage of $6, how many workers will be unemployed?

Name: Figure 28-4 -Refer to Figure 28-4. If the government imposes a minimum wage of $6, how many workers will be unemployed?
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Question

Figure 28-4 
-Refer to Figure 28-4. If the government imposes a minimum wage of $6, how many workers will be unemployed?

Quizplus · Accepted Answer

At a minimum wage of $6, the quantity of labor supplied will be 6,000, while the quantity of labor demanded will be 2,000. Therefore, there will be a surplus of 4,000 workers who will be unemployed.

Figure 28-4 -Refer to Figure 28-4. If the Government Imposes a Minimum