-The Figure Above Shows the Labor Market in a Region

question 51

Multiple Choice

-The figure above shows the labor market in a region.If a minimum wage of $8 an hour is imposed,then the quantity of labor supplied is ________ and the quantity of labor demanded is ________.

• A) 60,000; 60,000
• B) 80,000; 40,000
• C) 40,000; 60,000
• D) 60,000; 40,000
• E) 40,000; 40,000

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Definitions:

Milligrams

A unit of mass equal to one thousandth of a gram, often used to measure medication doses or nutritional supplements.

Subphylum Chelicerata

A major subdivision of the phylum Arthropoda, including arachnids (such as spiders and scorpions) and horseshoe crabs, characterized by the presence of chelicerae, a pair of appendages serving as mouthparts.

Spider

An arachnid known for having eight legs, no wings, and often spinning webs to capture prey.

Maxillae

Appendages used for manipulating food; characteristic of crustaceans.