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The Table Below Shows the Labour Demand and Labour Supply

question 119

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The table below shows the labour demand and labour supply schedules in a competitive labour market.
The table below shows the labour demand and labour supply schedules in a competitive labour market. TABLE 14-1 -Refer to Table 14-1.In a competitive labour market,a legislated minimum wage imposed at $10 per hour would A) have no effect on the competitive equilibrium level of employment. B) lead to unemployment of 500 hours/month. C) lead to over-employment of 500 hours/month. D) lead to an equilibrium wage higher than the competitive wage. E) lead to an employment level lower than the competitive level. TABLE 14-1
-Refer to Table 14-1.In a competitive labour market,a legislated minimum wage imposed at $10 per hour would

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