hi! Need some help with this question! Thanks in advance! QUESTION 16 1 points Figure 28-3...

Question

Question

hi! Need some help with this question! Thanks in advance!

QUESTION 16 1 points Figure 28-3 wage 10 8 6 5 4 3 2 1 10 20 30 40 50 60 70 80 90 ndreds of workers Refer to Figure 28-3. If

business economics

Answer 1

Answer #1

When minimum wage = 8

Supply = 7000 labors

Demand = 3000 labors

Unemployed = 7000 - 3000 = 4000

option C is correct answer

Answer 2

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