Refer to the Graph Shown

question 78

Multiple Choice

Refer to the graph shown. If government establishes a price floor of $7.25 per hour, there will be a:

• A) shortage of 400 labor hours.
• B) surplus of 400 labor hours.
• C) shortage of 300 labor hours.
• D) surplus of 300 labor hours.

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Definitions:

Less Populous

Refers to areas, regions, or groups having a smaller population in comparison to others.

Slaveholding

The practice or condition of owning slaves, historically seen in contexts where slavery was legally recognized.

Free States

Historically, states in the United States that were anti-slavery and did not permit slavery within their boundaries before the Civil War.

Large States

In the context of U.S. history, refers to states with larger populations that sought greater representation in Congress during the formation of the Constitution.