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Labor Market Data
Below Is Some Hypothetical Data on the Labor

Question 248

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Labor Market Data
Below is some hypothetical data on the labor market.  wage  quuantity demanded  quuanty 5upplied $79,00014,000$612,00012,000$515,00010,000\begin{array} { | c | c | c | } \hline \text { wage } & \text { quuantity demanded } & \text { quuanty 5upplied } \\\hline \$ 7 & 9,000 & 14,000 \\\hline \$ 6 & 12,000 & 12,000 \\\hline \$ 5 & 15,000 & 10,000 \\\hline\end{array}
-Refer to Labor Market Data. If the government imposed a minimum wage of $5, what would unemployment be?


A) 0
B) 2,000
C) 3,000
D) 5,000

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