Author Question: Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. Refer ... (Read 40 times)

saraeharris · **on:** Apr 19, 2019

Question 1

Refer to the information provided in Figure 19.1 below to answer the question(s) that follow.

Refer to Figure 19.1. Initially after the payroll tax is imposed, there will be

◦ an equilibrium in the labor market.
◦ an excess demand for labor of 100 units.
◦ an excess supply of labor of 150 units.
◦ an excess supply of labor or 100 units.

Question 2

Refer to the information provided in Figure 19.1 below to answer the question(s) that follow.

Refer to Figure 19.1. After firms can respond to the payroll tax, the per-hour wage paid by firms equals

◦ $12.
◦ $10.
◦ $7.
◦ $5.

Athena23 · **Reply #1 on:** Apr 19, 2019

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