Table 54 Table 5-4 Shows the Demand and Supply Schedules

Multiple Choice

Table 5.4 Table 5-4 shows the demand and supply schedules for labour market in the city of Pixley.
-Refer to Table 5.4.If a minimum wage of $12.50 is mandated, there will be a

A) shortage of 40 000 units of labour.
B) surplus of 40 000 units of labour.
C) shortage of 80 000 units of labour.
D) surplus of 80 000 units of labour.