Multiple Choice
Use the table below to answer the following questions.
Table 6.2.1
-Table 6.2.1 gives the supply and demand schedules for teenage labour in Genoa City. Suppose a new fast food restaurant opens and increases the quantity demanded of teenage labour by 400 hours per week at each wage rate. If the teenage labour market is unregulated, there is an increase in teenage employment to
A) 1,000 hours per week and a wage of $5 per hour.
B) 1,000 hours per week and a wage of $7 per hour.
C) 800 hours per week and a wage of $6 per hour.
D) 600 hours per week and a wage of $7 per hour.
E) 400 hours per week and a wage of $7 per hour.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Use the table below to answer the
Q35: Use the figure below to answer the
Q64: Use the figure below to answer the
Q68: Use the figure below to answer the
Q70: Provincial governments across Canada recently started legalizing
Q71: Use the figure below to answer the
Q78: When a sales tax is imposed on
Q85: Use the table below to answer the
Q116: The burden of tax on sellers is
Q119: Good A has a perfectly inelastic demand