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

question 145

Multiple Choice

Table 4-4
Table 4-4 shows the demand and supply schedules for labor market in the city of Pixley.
-Refer to Table 4-4.What is the equilibrium hourly wage (W*) and the equilibrium quantity of labor (Q*) ?

• A) W* = $10.50; Q* = 590,000
• B) W* = $11.50; Q* = 570,000
• C) W* = $9.50; Q* = 570,000
• D) W* = $10.50; Q* = 1,200,000

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