Suppose There Is a Competitive Market for Retail Workers at a Large

question 90

Multiple Choice

Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market. The labour demand curve is QD = 1000 - 20w) . The labour supply curve is QS = 400 + 40w) . Suppose that a union now successfully organizes the workers at this mall and obtains a wage rate of $11 but does not affect the demand curve) . The number of unemployed workers in this mall labour market becomes

• A) 20.
• B) 40.
• C) 60.
• D) 80.
• E) 100.

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ArrayIndexOutOfBounds

An exception thrown in programming when an attempt is made to access an element of an array beyond its bounds.

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A data type consisting of a set of predefined constants, known as enumeration, helping to create more readable and maintainable code.

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