Table 4-8 Table 4-8 Shows the Demand and Supply Schedules

question 277

Multiple Choice

Table 4-8
Table 4-8 shows the demand and supply schedules for the low-skilled labor market in the city of Westover.
-Refer to Table 4-8. If a minimum wage of $10.50 an hour is mandated, what is the quantity of labor demanded?

• A) 400,000
• B) 370,000
• C) 340,000
• D) 60,000