Table 4-7 Table 4-7 Shows the Demand and Supply Schedules

Multiple Choice

Table 4-7
Table 4-7 shows the demand and supply schedules for the labor market in the city of Pixley.
-Refer to Table 4-7. If a minimum wage of $12.50 an hour is mandated, what is the quantity of labor demanded?

A) 80,000
B) 550,000
C) 630,000
D) 1,180,000