Table 4-7 Table 4-7 Shows the Demand and Supply Schedules

question 20

Multiple Choice

Table 4-7
Table 4-7 shows the demand and supply schedules for the labor market in the city of Pixley.
-Refer to Table 4-7. If a minimum wage of $12.50 an hour is mandated, what is the quantity of labor supplied?

• A) 80,000
• B) 550,000
• C) 630,000
• D) 1,180,000

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