The Data Shows the Market for Daycare Workers in a Particular

question 27

Multiple Choice

The data shows the market for daycare workers in a particular city:
(quantity of workers in hundreds)

-Refer to the information above to answer this question.What would happen if the government were to establish a minimum wage of $6.50 an hour?

• A)The wage would stay at $6 and there would be no unemployment.
• B)The equilibrium wage would rise to $6.50 and there would be no unemployment.
• C)The number employed would increase by 100.
• D)There would be 200 daycare workers unemployed.
• E)The daycare centres would have difficulty finding sufficient workers.

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