Question
Suppose that the free market labour supply and labour demand equations are given by
Qs = 5W and Qd = 30 - 5W. If the minimum wage were set at $2.50 an hour, how many
people would not be able to find work?
Qs = 5W and Qd = 30 - 5W. If the minimum wage were set at $2.50 an hour, how many
people would not be able to find work?
Answers
julian
20