Question
Refer to the table found below concerning the construction industry. Wages (Dollars per Hour) Number of Carpenters Demanded Number of Carpenters Supplied $20 500 150
Refer to the table found below concerning the construction industry.
Wages (Dollars per Hour) | Number of Carpenters Demanded | Number of Carpenters Supplied |
$20 | 500 | 150 |
$23 | 400 | 250 |
$26 | 300 | 350 |
$29 | 200 | 450 |
$32 | 100 | 550 |
a. Make a spreadsheet in Excel as shown below. Ensure that you are using Excel 2016
b. graph the information in the chart found above. Your chart should include all information
c. If the government instituted a minimum wage of $30 per hour, how would this minimum wage change the employment situation in the carpenter labour market? Graph the new information
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