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Question 203

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Use the following to answer question:
Figure: The Demand for Bricklayers Use the following to answer question: Figure: The Demand for Bricklayers -(Figure: The Demand for Bricklayers) Use Figure: The Demand for Bricklayers.The equilibrium market wage for bricklayers is $100 a day,but there is a new minimum wage of $120.Therefore: A) 3 workers who otherwise would have been employed by this firm are now unemployed. B) 4 workers will now be hired by this firm. C) all bricklayers are better off. D) this firm will shut down.
-(Figure: The Demand for Bricklayers) Use Figure: The Demand for Bricklayers.The equilibrium market wage for bricklayers is $100 a day,but there is a new minimum wage of $120.Therefore:


A) 3 workers who otherwise would have been employed by this firm are now unemployed.
B) 4 workers will now be hired by this firm.
C) all bricklayers are better off.
D) this firm will shut down.

Correct Answer:

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