Ask a New Question

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?
13 years ago

Answers

julian
20
10 years ago

Related Questions

Why is a free market system able to respond faster to devastation caused by war and natural disaster... In a free market, which of the following is an accurate statement regarding price? A) Prices... What is a free market? A. Trade conducted with fewer restrictions and lower customs rates B. Mar... In a free market economy, what signal do high prices send?(1 point) Responses Producers should s... In a free market, who are the items produce for? A. Those who can afford to buy the items... In a free market where there is supply and demand, the word VOLUNTARY means what a. both are tr... In a free market economy, what signal do high prices send?(1 point) Responses The government sho... In a free market economy, what is specialization?(1 point) Responses Specialization is when the... In a free market with no government-added charges, what is one reason why imported goods might be mo... What is free market economy, command economy and mixed economy and which country has practice those...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use