Question 1
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, there will be an
◦ equilibrium in the labor market.
◦ excess demand for labor of 100 units.
◦ excess supply of labor of 150 units.
◦ 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. The employersʹ tax burden is
◦ $2,100.
◦ $1,400.
◦ $700.
◦ $0.
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