Use the Table Below to Answer the Following Questions

question 54

Multiple Choice

Use the table below to answer the following questions.
Table 6.2.1
-Table 6.2.1 gives the supply and demand schedules for teenage labour in Genoa City.There is a minimum wage set at $16 per hour.Suppose a new fast food restaurant opens and increases the quantity demanded of teenage labour by 400 hours per week at each wage rate.The result is

• A)elimination of teenage unemployment and a wage rate of $17 per hour.
• B)elimination of teenage unemployment,but the wage rate remains at $16 per hour.
• C)some teenage unemployment with the wage rate remaining at $16 per hour.
• D)no change in teenage unemployment because the wage rate rises to $17 per hour.
• E)a surplus of teenage labour.