Table 4-4 Table 4-4 Shows the Demand and Supply Schedules

question 101

Multiple Choice

Table 4-4
Table 4-4 shows the demand and supply schedules for the low-skilled labor market in the city of Westover.
-Refer to Table 4-4.If a minimum wage of $9.50 is mandated there will be a

• A)shortage of 10,000 units of labor.
• B)surplus of 10,000 units of labor.
• C)shortage of 20,000 units of labor.
• D)surplus of 20,000 units of labor.