Figure 9-1 -Refer to Figure 9-1.Based on the Graph of the Labor

question 217

Multiple Choice

Figure 9-1
-Refer to Figure 9-1.Based on the graph of the labor market above,if a minimum wage of $8 per hour is imposed,which of the following will result?

• A)The quantity of labor demanded by firms will rise.
• B)The quantity of labor demanded by firms will fall.
• C)The unemployment rate will fall.
• D)Both A and C will occur.

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Definitions:

Number of Protons

A fundamental characteristic of an element that defines its identity in the periodic table, equal to the atomic number.

Electron Charge

A fundamental property of the electron indicating the amount of negative electrical charge it carries.

Atom Nucleus

The central core of an atom, containing protons and neutrons, around which electrons orbit.

AC Sinewave

Represents alternating current electricity in a waveform that alternates in a sinusoidal manner, typical of household electrical supply.