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Table 28-4
the Following Data Is About the Labor Market

Question 173

Multiple Choice

Table 28-4
The following data is about the labor market in the city of Productionville.


 Wage  (Dollars per hour)   Quantity Demanded  (Units)   Quantity Supplied  (Units)  86,00016,00079,00014,000612,00012,000515,00010,000418,0008,000\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Wage } \\\text { (Dollars per hour) }\end{array} & \begin{array} { c } \text { Quantity Demanded } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { (Units) }\end{array} \\\hline 8 & 6,000 & 16,000 \\\hline 7 & 9,000 & 14,000 \\\hline 6 & 12,000 & 12,000 \\\hline 5 & 15,000 & 10,000 \\\hline 4 & 18,000 & 8,000 \\\hline\end{array}
-Refer to Table 28-4. If the local government imposed a minimum wage of $7 in Productionville, how many people would be unemployed?


A) 0
B) 2,000
C) 5,000
D) 10,000

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