Table 54 Table 5-4 Shows the Demand and Supply Schedules

question 55

Multiple Choice

Table 5.4 Table 5-4 shows the demand and supply schedules for labour market in the city of Pixley.
-Refer to Table 5.4.If a minimum wage of $12.50 is mandated, there will be a

• A)shortage of 40 000 units of labour.
• B)surplus of 40 000 units of labour.
• C)shortage of 80 000 units of labour.
• D)surplus of 80 000 units of labour.