Use the Table Below to Answer the Following Questions

question 22

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.Suppose a new fast food restaurant opens and increases the quantity demanded of teenage labour by 400 hours per week at each wage rate.If the teenage labour market is unregulated,there is an increase in teenage employment to

• A)1,000 hours per week and a wage of $15 per hour.
• B)1,000 hours per week and a wage of $17 per hour.
• C)800 hours per week and a wage of $16 per hour.
• D)600 hours per week and a wage of $17 per hour.
• E)400 hours per week and a wage of $17 per hour.

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Definitions:

Highest Unemployment Rate

A term referring to the highest recorded rate of unemployment in a region or country during a specific time period.

African American Teenagers

A demographic group in the United States comprising individuals of African descent who are between the ages of 13 and 19.

College Graduates

People who have graduated from a higher education institution, such as a college or university.

Seasonal Unemployment

Joblessness related to seasonal variations in demand or supply of labor, commonly seen in industries such as tourism, agriculture, and retail.