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Table 4-8 Table 4-8 Shows the Demand and Supply Schedules

question 10

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Table 4-8
Table 4-8    Table 4-8 shows the demand and supply schedules for the low-skilled labor market in the city of Westover. -Refer to Table 4-8. If a minimum wage of $9.50 is mandated there will be a A)  shortage of 10,000 units of labor. B)  surplus of 10,000 units of labor. C)  shortage of 20,000 units of labor. D)  surplus of 20,000 units of labor. Table 4-8 shows the demand and supply schedules for the low-skilled labor market in the city of Westover.
-Refer to Table 4-8. If a minimum wage of $9.50 is mandated there will be a


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