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Use Figure: Minimum Wage and Job Loss II

Question 9

Multiple Choice

Use Figure: Minimum Wage and Job Loss II. At the competitive equilibrium, the quantity of labor demanded is _____, and the quantity of labor supplied is:
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Minimum Wage and Job Loss II
Use Figure: Minimum Wage and Job Loss II. At the competitive equilibrium, the quantity of labor demanded is _____, and the quantity of labor supplied is: ​ Minimum Wage and Job Loss II A) 1,000; 1,200. B) 1,200; 1,000. C) 1,000; 1,000. D) 900; 900.


A) 1,000; 1,200.
B) 1,200; 1,000.
C) 1,000; 1,000.
D) 900; 900.

Correct Answer:

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