Table 28-4 The following data is about the labor market in the city of Productionville. Wage Quantity Demanded Quantity Supplied (Dollars per hour) (Units) (Units) 8 6,000 16,000 7 9,000 14,000 12,000 12,000 15,000 10,000 4 18,000 8,000 Refer to Table 28-4. If the local government imposed a minimum wage of $4 Productionville, how many people would be unemployed? Ю а. 3,000 O b. 10,000 O c. 0 O d. 2,000

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Table 28-4
The following data is about the labor market in the city of Productionville.
Wage
Quantity Demanded Quantity Supplied
(Dollars per
hour)
(Units)
(Units)
8
6,000
16,000
7
9,000
14,000
6
12,000
12,000
5
15,000
10,000
4
18,000
8,000
Refer to Table 28-4. If the local government imposed a minimum wage of $4 in Productionville, how many people would be unemployed?
О а. 3,000
O b. 10,000
О с.0
O d. 2,000
Transcribed Image Text:Table 28-4 The following data is about the labor market in the city of Productionville. Wage Quantity Demanded Quantity Supplied (Dollars per hour) (Units) (Units) 8 6,000 16,000 7 9,000 14,000 6 12,000 12,000 5 15,000 10,000 4 18,000 8,000 Refer to Table 28-4. If the local government imposed a minimum wage of $4 in Productionville, how many people would be unemployed? О а. 3,000 O b. 10,000 О с.0 O d. 2,000
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