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D Question 16 1 pts Wage rate (dollars per hour) 12 10 8 a 2 X 0 20 40 60 80 100 120 140 Quantity
D Question 16 1 pts Wage rate (dollars per hour) 12 10 8 a 2 X 0 20 40 60 80 100 120 140 Quantity (thousands of workers) The above figure shows a labor market with a minimum wage of $8 an hour. The value of the resources workers are willing to use in their job search equals the distance between point and point O b; c O c; d O a; b O a; c
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