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If the Market for Day Care Workers Is in Equilibrium

Question 53

Multiple Choice

If the market for day care workers is in equilibrium at $5.00 per hour as shown in this diagram,a minimum wage of $8.00 per hour will If the market for day care workers is in equilibrium at $5.00 per hour as shown in this diagram,a minimum wage of $8.00 per hour will A) increase unemployment by 300 workers. B) increase unemployment by 500 workers. C) increase unemployment by 600 workers. D) None of the above is correct.


A) increase unemployment by 300 workers.
B) increase unemployment by 500 workers.
C) increase unemployment by 600 workers.
D) None of the above is correct.

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