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Author Question: The diagram below shows the supply and demand for labour in a competitive labour market.FIGURE ... (Read 49 times)

vowens

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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 $30 were imposed, the quantity of labour supplied 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 $35 were imposed, the quantity of labour supplied would be


◦ 140.
◦ 210.
◦ 280.
◦ 350.
◦ 420.


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Marked as best answer by vowens on Oct 12, 2022

dadgoere765

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vowens

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review


6ana001

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Reply 3 on: Yesterday
:D TYSM

 

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