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Refer to the graph above. Without government intervention, market forces would result in: S $5.15 $4.60 Hourly Wage Rate $3.50 D 0 500 800 900
Refer to the graph above. Without government intervention, market forces would result in: S $5.15 $4.60 Hourly Wage Rate $3.50 D 0 500 800 900 1200 Labor Hours O A. 800 labor hours demanded, 800 labor hours supplied, and a wage rate of $4.60 per hour. O B. 500 labor hours demanded, 900 labor hours supplied, and a wage rate of $5.15 per hour. O C. 1200 labor hours demanded, 500 labor hours supplied, and a wage rate of $3.50 per hour. O D. 500 labor hours demanded, 500 labor hours supplied, and a wage rate of $5.15 per hour
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