Several Members of Parliament Have Been Greatly Concerned About the Fairness

Multiple Choice

Several Members of Parliament have been greatly concerned about the fairness of salaries in the marketplace. They are contemplating enacting a law that would fix the wage rate at WA. Their aides have returned with the results of an investigation into the matter, as portrayed in Graphs A and B.
FIGURE 11-1

-Refer to Figure 11-1. If the government were to impose a wage rate of WA on the computer software programming industry, what would the result in the industry be?

A) The imposed wage would have no effect on the market for computer programmers.
B) A quantity of Q4 software programmers would be demanded in the marketplace.
C) A shortage of software programmers would result.
D) There would be pressure from market forces for the wage to fall.