-In the Above Figure Suppose a Minimum Wage of $8

question 89

Multiple Choice

-In the above figure suppose a minimum wage of $8 per hour is imposed. As a result, the quantity of labor supplied is ________ hours and the quantity of labor demanded is ________ hours.

• A) 3,000; 4,000
• B) 4,000; 4,000
• C) 2,000; 4,000
• D) 4,000; 2,000