Use the Table Below to Answer the Following Questions

question 36

Multiple Choice

Use the table below to answer the following questions.
Table 6.2.2
-Table 6.2.2 gives the labour demand and labour supply schedules for low-skilled labour.What is the equilibrium wage rate in an unregulated market?

• A)$15.00 per hour
• B)$15.50 per hour
• C)$16.00 per hour
• D)$16.50 per hour
• E)$17.50 per hour

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Definitions:

Byproduct

A secondary or incidental product resulting from a manufacturing process, chemical reaction, or biological activity.

Glucose

A hexose aldehyde sugar that is central to many metabolic processes

Oxygen

A chemical element with the symbol O, necessary for the respiration of most living organisms and for combustion processes.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, absorbed by plants in photosynthesis.