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1.In the graph below, which market state exists at: A)$17? Answer: B)$12? Answer: C)$8? Answer: Labour Market with Price Floor S 20 18 17 15

1.In the graph below, which market state exists at:

A)$17? Answer:

B)$12? Answer:

C)$8? Answer:

Labour Market with Price Floor S 20 18 17 15 Price Floor 13 12 Price ($/hour) 10 D 0 100 200 300 400 500 600 Quantity (Jobs)

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