The Table Below Shows the Competitive Labour Demand and Labour

question 63

Multiple Choice

The table below shows the competitive labour demand and labour supply schedules in a particular labour market. $\begin{array}{|l|l|l|}\hline \text { Wage Rate } & \text { Demanded } & \text { Supplied } \\(\$ / \text { hour }) & \text { Quantity of } & \text { Quantity }\\&\text { Labour } & \text { of Labour } \\&\text { (hours/month) }&\text { (hours/month) }\\\hline \$ 4 & 1300 & 500 \\\hline \$ 6 & 1000 & 1000 \\\hline \$ 8 & 800 & 1300 \\\hline \$ 9 & 400 & 1500 \\\hline 11 & 200 & 1800 \\\hline \end{array}$
$\text { TABLE } 14-1$
-Refer to Table 14- 1. In a competitive labour market, a legislated minimum wage imposed at $4 per hour would

• A) lead to unemployment of 500 units.
• B) lead to an equilibrium wage higher than the competitive wage.
• C) have no effect on the competitive equilibrium level of employment.
• D) lead to an employment level lower than the competitive level.
• E) lead to over- employment of 500 units.

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Definitions:

Cervical Region

The part of the spine located in the neck, consisting of seven vertebrae.

Endoneurium

A layer of delicate connective tissue that encloses the myelin sheath of each peripheral nerve fiber, providing support and insulation.

Myelin

A fatty substance that surrounds and insulates the axons of many neurons, enhancing the speed of electrical impulses.

Pudendal Nerve

A nerve in the pelvic region that carries sensory and motor information to and from the genitalia and surrounding areas.