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

question 149

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.Suppose that the quantity of labor supplied increases by 40,000 at each wage level.What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?

• A)W = $9.00; Q = 410,000
• B)W = $9.50; Q = 420,000
• C)W = $8.50; Q = 400,000
• D)W = $8.00; Q = 390,000