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Graph 9-1 -The Government Has Introduced the Minimum Wage Law.The Minimum Wage

Question 58

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Graph 9-1 Graph 9-1 -The government has introduced the minimum wage law.The minimum wage is set at W<sub>1</sub> as shown in Graph 9-1.After introducing the minimum wage law, the quantity of labour supplied is _______ A) L<sub>0</sub>, the quantity of labour demanded is L<sub>0</sub> and the amount of unemployed labour is zero B) L<sub>0</sub>, the quantity of labour demanded is L<sub>1</sub> and the amount of unemployed labour is L<sub>0</sub> - L<sub>1</sub> C) L<sub>2</sub>, the quantity of labour demanded is L<sub>0</sub> and the amount of unemployed labour is L<sub>2</sub> - L<sub>0</sub> D) L<sub>2</sub>, the quantity of labour demanded is L<sub>1</sub> and the amount of unemployed labour is L<sub>2</sub> - L<sub>1</sub>
-The government has introduced the minimum wage law.The minimum wage is set at W1 as shown in Graph 9-1.After introducing the minimum wage law, the quantity of labour supplied is _______


A) L0, the quantity of labour demanded is L0 and the amount of unemployed labour is zero
B) L0, the quantity of labour demanded is L1 and the amount of unemployed labour is L0 - L1
C) L2, the quantity of labour demanded is L0 and the amount of unemployed labour is L2 - L0
D) L2, the quantity of labour demanded is L1 and the amount of unemployed labour is L2 - L1

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