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Figure 19-5 -Refer to Figure 19-5. Given Demand for Labor, D1, and Labor

Question 196

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Figure 19-5 Figure 19-5 -Refer to Figure 19-5. Given demand for labor, D1, and supply of labor, S2, what is the surplus of labor if a minimum wage of $8 per hour is imposed on this market? A) 100 B) 200 C) 300 D) 400
-Refer to Figure 19-5. Given demand for labor, D1, and supply of labor, S2, what is the surplus of labor if a minimum wage of $8 per hour is imposed on this market?


A) 100
B) 200
C) 300
D) 400

Correct Answer:

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