Suppose the Current Equilibrium Wage Rate for Lifeguards in Houston

question 209

Multiple Choice

Suppose the current equilibrium wage rate for lifeguards in Houston is $7.85 an hour.A minimum wage law that creates a price floor of $8.50 an hour leads to

• A) a surplus of lifeguards in Houston.
• B) a shortage of lifeguards in Houston.
• C) no changes in the lifeguard market.
• D) a change in the quantity of lifeguards supplied but no change in the quantity of lifeguards demanded.
• E) an increase in the number of lifeguards employed.

---

Definitions:

Drive Axle Tires

Tires mounted on the drive axle of a vehicle, designed to provide traction and transmit power from the drivetrain to the ground.

Traction

The frictional force between a vehicle's tires and the surface it is on, allowing the vehicle to move forward or stop.

Air System Components

Parts of an air system, including compressors, valves, sensors, and hoses, that work together to manage and control air flow.

Methyl Hydrate

A solvent commonly known as methanol or wood alcohol, used in a variety of applications from antifreeze to fuel.