Multiple Choice
Use the table below to answer the following questions.
Table 6.2.1
-Table 6.2.1 gives the supply and demand schedules for teenage labour in Genoa City.In an unregulated market,
A) there is no teenage unemployment and the wage rate is $16 per hour.
B) there is no teenage unemployment and the wage rate is $15 per hour.
C) teenage unemployment is 400 hours and the wage rate is $16 per hour.
D) teenage unemployment is 400 hours and the wage rate is $15 per hour.
E) the minimum wage is $17 per hour.
Correct Answer:

Verified
Correct Answer:
Verified
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