Figure 19-2
-Refer to Figure 19-2. This figure depicts labor demand and supply in a nonunionized labor market. If the minimum wage were $7.50, employment in this market would be
A)400.
B)500.
C)600.
D)700.

Question

Figure 19-2 
-Refer to Figure 19-2. This figure depicts labor demand and supply in a nonunionized labor market. If the minimum wage were $7.50, employment in this market would be
A)400. 
B)500. 
C)600. 
D)700.

Quizplus · Accepted Answer

At a minimum wage of $7.50, the quantity of labor demanded equals the quantity of labor supplied at 600, indicating the equilibrium employment level.

Figure 19-2 -Refer to Figure 19-2. This Figure Depicts Labor Demand and Labor