Figure 28-5
Refer to Figure 28-5.If the minimum wage is set at $125,then
A)the quantity of labor demanded will equal 20.
B)the quantity of labor supplied will equal 35.
C)the surplus of labor will equal 25.
D)unemployment will equal 10.

Question

Figure 28-5 
Refer to Figure 28-5.If the minimum wage is set at $125,then
A)the quantity of labor demanded will equal 20. 
B)the quantity of labor supplied will equal 35. 
C)the surplus of labor will equal 25. 
D)unemployment will equal 10.

Quizplus · Accepted Answer

The Answer of Figure 28-5 
Refer to Figure 28-5.If the minimum wage is set at $125,then
A)the quantity of labor demanded will equal 20. 
B)the quantity of labor supplied will equal 35. 
C)the surplus of labor will equal 25. 
D)unemployment will equal 10.

Figure 28-5 Refer to Figure 28-5.If the Minimum Wage Is Set at Is