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-The Labour Demand and Labour Supply Schedules Are Given in the Table

Question 3

Multiple Choice

-The labour demand and labour supply schedules are given in the table above. If a minimum wage of $11 per hour is imposed, A) a surplus of 300 workers occurs. B) 900 workers are employed. C) there is no shortage or surplus of workers. D) Both answers B and C are correct. E) Both answers A and C are correct.
-The labour demand and labour supply schedules are given in the table above. If a minimum wage of $11 per hour is imposed,


A) a surplus of 300 workers occurs.
B) 900 workers are employed.
C) there is no shortage or surplus of workers.
D) Both answers B and C are correct.
E) Both answers A and C are correct.

Correct Answer:

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