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Use Figure: Minimum Wage and Job Loss II

Question 86

Multiple Choice

Use Figure: Minimum Wage and Job Loss II. If the government sets a minimum wage of $12 per hour, then 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. If the government sets a minimum wage of $12 per hour, then the quantity of labor demanded is _____, and the quantity of labor supplied is: ​ Minimum Wage and Job Loss II A) 1,000; 1,000. B) 900; 1,200. C) 1,200; 900. D) 1,000; 1,200.


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

Correct Answer:

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