Question
Table4-3 HourlyWage (Dollars) Quantity of Labor Sup- plied Quantity of Labor De- manded $6.00 350,000 390,000 6.50 360,000 380,000 7.00 370,000 370,000 7.50 380,000 360,000
Table4-3
HourlyWage (Dollars) | Quantity of Labor Sup- plied | Quantity of Labor De- manded |
$6.00 | 350,000 | 390,000 |
6.50 | 360,000 | 380,000 |
7.00 | 370,000 | 370,000 |
7.50 | 380,000 | 360,000 |
8.00 | 390,000 | 350,000 |
8.50 | 400,000 | 340,000 |
Table4-3showsthedemandandsupplyschedulesforthelow-skilledlabormar- ket in the city of Westover.
33)RefertoTable4-3.Ifaminimumwageof$7.50anhourismandated,what is the quantity of labor supplied?
- 370,000
- 380,000
- 390,000
- 340,000
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Principles Of Microeconomics
Authors: N Gregory Mankiw
7th Edition
1305081676, 9781305081673
