Solved

Figure: the Demand for Bricklayers (Figure: the Demand for Bricklayers)

Question 70

Multiple Choice

Figure: The Demand for Bricklayers Figure: The Demand for Bricklayers   (Figure: The Demand for Bricklayers)  Look at the figure The Demand for Bricklayers.The equilibrium market wage for bricklayers is $100 a day, but a minimum wage of $130 a day for bricklayers is set by the government.As a result: A) six workers will now be hired by the firm. B) three workers who otherwise would have been employed are now unemployed. C) all bricklayers are better off. D) construction firms will shut down. (Figure: The Demand for Bricklayers) Look at the figure The Demand for Bricklayers.The equilibrium market wage for bricklayers is $100 a day, but a minimum wage of $130 a day for bricklayers is set by the government.As a result:


A) six workers will now be hired by the firm.
B) three workers who otherwise would have been employed are now unemployed.
C) all bricklayers are better off.
D) construction firms will shut down.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions