Solved

Several Members of Parliament Have Been Greatly Concerned About the Fairness

Question 122

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
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 law were not enacted, what would the prevailing wage rate and quantity of labour at equilibrium in the market for computer software programmers be? A)  WC and Q5, respectively B)  WA and Q6, respectively C)  WA and Q4, respectively D)  WA and Q5, respectively
-Refer to Figure 11-1. If the law were not enacted, what would the prevailing wage rate and quantity of labour at equilibrium in the market for computer software programmers be?


A) WC and Q5, respectively
B) WA and Q6, respectively
C) WA and Q4, respectively
D) WA and Q5, respectively

Correct Answer:

verifed

Verified

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

Related Questions