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    Business
  3. Study Set
    Microeconomics Study Set 15
  4. Exam
    Exam 5: Economic Efficiency , Government Price Setting and Taxes
  5. Question
    -Refer to Table 5-4
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-Refer to Table 5-4

Question 87

Question 87

Multiple Choice


-Refer to Table 5-4. If a minimum wage of $12.50 an hour is mandated, what is the quantity of labour demanded?


A) 80 000
B) 550 000
C) 630 000
D) 1 180 000

Correct Answer:

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