Suppose the Equilibrium Wage Rate for Apricot Pickers Is $7

question 15

Multiple Choice

Suppose the equilibrium wage rate for apricot pickers is $7.00 per hour and at that wage rate the equilibrium quantity of apricot pickers employed is 14,000.If the minimum wage is set at $7.50 per hour,then the

• A) quantity of apricot pickers employed increases.
• B) quantity of apricot pickers employed decreases.
• C) quantity of apricot pickers employed does not change.
• D) wage rate for apricot pickers decreases.
• E) quantity of apricot pickers demanded does not change, and the quantity of apricot pickers supplied does not change.

---

Definitions:

Follow-Up Service

After-sales services provided to customers, including support, maintenance, and addressing any issues or concerns that arise after the purchase of a product or service.

Sales Representative

A professional responsible for selling and promoting a company's products or services, often directly to customers or through various sales channels.

Interdependent Others

Individuals or groups who rely on each other for success, support, or achieving common goals.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, involving the reasons one has for acting or behaving in a certain way.