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-In the Figure Above, If the Minimum Wage Is $10

Question 246

Multiple Choice

-In the figure above, if the minimum wage is $10 per hour, then A) the quantity of labor supplied is less than the quantity of labor demanded. B) the quantity of labor supplied is 4 million hours and the quantity of labor demanded is 2 million hours. C) unemployment is 1 million hours. D) the quantity of labor supplied is 3 million hours and the quantity of labor demanded is 3 million hours.
-In the figure above, if the minimum wage is $10 per hour, then


A) the quantity of labor supplied is less than the quantity of labor demanded.
B) the quantity of labor supplied is 4 million hours and the quantity of labor demanded is 2 million hours.
C) unemployment is 1 million hours.
D) the quantity of labor supplied is 3 million hours and the quantity of labor demanded is 3 million hours.

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