Table 28-4
the Following Data Is About the Labor Market

question 172

Multiple Choice

Table 28-4
The following data is about the labor market in the city of Productionville.
​
​
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Wage } \\\text { (Dollars per hour) }\end{array} & \begin{array} { c } \text { Quantity Demanded } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { (Units) }\end{array} \\\hline 8 & 6,000 & 16,000 \\\hline 7 & 9,000 & 14,000 \\\hline 6 & 12,000 & 12,000 \\\hline 5 & 15,000 & 10,000 \\\hline 4 & 18,000 & 8,000 \\\hline\end{array}$$ ​
-Refer to Table 28-4. If the local government imposed a minimum wage of $4 in Productionville, how many people would be unemployed?

• A)0
• B)2,000
• C)3,000
• D)10,000

---

Definitions:

Minimum Wage

The lowest hourly, daily, or monthly wage that employers are legally allowed to pay workers, aimed at protecting worker welfare.

Price of Health Care

The cost associated with obtaining medical services, treatments, or products.

NADH

Nicotinamide adenine dinucleotide (NADH) is a coenzyme found in all living cells, involved in redox reactions and energy production through cellular respiration.

Glycolysis

The metabolic pathway that breaks down glucose into pyruvate, releasing energy and pyruvic acid, occurring in the cytoplasm of cells.