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-In the Above Figure, If There Is No Minimum Wage

Question 98

Multiple Choice

-In the above figure, if there is no minimum wage, the equilibrium employment is ________; if the government imposed a minimum wage of $16 per hour, employment is ________. A) 4,000 hours; 2,000 hours B) 3,000 hours; 4,000 hours C) 3,000 hours; 2,000 hours D) 4,000 hours; 3,000 hours
-In the above figure, if there is no minimum wage, the equilibrium employment is ________; if the government imposed a minimum wage of $16 per hour, employment is ________.


A) 4,000 hours; 2,000 hours
B) 3,000 hours; 4,000 hours
C) 3,000 hours; 2,000 hours
D) 4,000 hours; 3,000 hours

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