Suppose the Current Wage of Type a Workers Is $5

Multiple Choice

Suppose the current wage of Type A workers is $5 per labor hour,while that of Type B workers is $7 per labor hour.If the government sets the minimum wage in the labor market at $8 per labor hour,which of these two groups would experience a higher increase in the wage rate and by what percentage?

A) Type B workers;the wage rate would increase by 10 percent
B) Type A workers;the wage rate would increase by 10 percent
C) Type A workers;the wage rate would increase by 60 percent
D) Type B workers;the wage rate would increase by 60 percent