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BSITTON

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Question 1

The diagram below shows the supply and demand for labour in a competitive labour market.



FIGURE 14-6

Refer to Figure 14-6. Suppose this labour market is perfectly competitive. If a minimum wage of $20 were imposed, the quantity of labour hired would be


◦ 140.
◦ 210.
◦ 280.
◦ 350.
◦ 420.

Question 2

The diagram below shows the supply and demand for labour in a competitive labour market.



FIGURE 14-6

Refer to Figure 14-6. Suppose this labour market is perfectly competitive. If a minimum wage of $30 were imposed, the quantity of labour hired would be


◦ 140.
◦ 210.
◦ 280.
◦ 350.
◦ 420.


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Marked as best answer by BSITTON on Oct 12, 2022

ElaneShive

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BSITTON

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)


brbarasa

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Reply 3 on: Yesterday
Wow, this really help

 

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