Multiple Choice
Table 4-3
Table 4-3 shows the demand and supply schedules for labor market in the city of Pixley.
-Refer to Table 4-3.If a minimum wage of $9.50 an hour is mandated,what is the quantity of labor demanded?
A) 40,000
B) 570,000
C) 610,000
D) 1,180,000
Correct Answer:
Verified
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