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Author Question: The diagram below shows the supply and demand for labour in a competitive labour market.FIGURE ... (Read 69 times)

unreallynx

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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 number of unemployed workers 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 number of unemployed workers would be


◦ 140.
◦ 210.
◦ 280.
◦ 350.
◦ 420.


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Marked as best answer by unreallynx on Oct 12, 2022

Sophia0717

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unreallynx

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


dreamfighter72

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Reply 3 on: Yesterday
Gracias!

 

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