Q 67

Table 4-3 img Table 4-3 shows the demand and supply schedules for the low-skilled labor market in the city of Westover. -Refer to Table 4-3. If a minimum wage of $9.50 is mandated there will be a A) shortage of 10,000 units of labor. B) surplus of 10,000 units of labor. C) shortage of 20,000 units of labor. D) surplus of 20,000 units of labor.

Multiple Choice