Table 4-8
Table 4-8 shows the demand and supply schedules for the low-skilled labor market in the city of Westover.
-Refer to Table 4-8. If a minimum wage of $10.50 an hour is mandated, what is the quantity of labor demanded?
A) 400,000
B) 370,000
C) 340,000
D) 60,000

Question

Table 4-8
  Table 4-8 shows the demand and supply schedules for the low-skilled labor market in the city of Westover.
-Refer to Table 4-8. If a minimum wage of $10.50 an hour is mandated, what is the quantity of labor demanded?
A) 400,000 
B) 370,000 
C) 340,000 
D) 60,000

Quizplus · Accepted Answer

The quantity of labor demanded at a minimum wage of $10.50 an hour is 340,000, as indicated in Table 4-8.

Table 4-8 Table 4-8 Shows the Demand and Supply Schedules