The graph shows the market for apple pickers in New England. Next question Wage rate (dollars per hour) 17.50- What is the equlibrium wage rate and the equilibrium quantity of pickers employed? IS If the New England states introduce a minimum wage of $7.00 an hour, how many apple pickers are employed and how many are unemployed? 14.00- The equilibrium wage rate of apple pickers is $ an hour and the equilibrium quantity of apple pickers employed is. 10.50- If the New England states introduce a minimum wage of $7.00 an hour, pickers are employed and pickers are unemployed. 7.00- 3.50 1500 4500 2250 3000 3750 Quantity (pickers)
The graph shows the market for apple pickers in New England. Next question Wage rate (dollars per hour) 17.50- What is the equlibrium wage rate and the equilibrium quantity of pickers employed? IS If the New England states introduce a minimum wage of $7.00 an hour, how many apple pickers are employed and how many are unemployed? 14.00- The equilibrium wage rate of apple pickers is $ an hour and the equilibrium quantity of apple pickers employed is. 10.50- If the New England states introduce a minimum wage of $7.00 an hour, pickers are employed and pickers are unemployed. 7.00- 3.50 1500 4500 2250 3000 3750 Quantity (pickers)
Chapter1: Making Economics Decisions
Section: Chapter Questions
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The graph shows the market for apple pickers in New England.
Next question
Wage rate (dollars per hour)
17.50-
What is the equilibrium wage rate and the equilibrium quantity of pickers employed?
S
If the New England states introduce a minimum wage of
$7.00 an hour, how many apple pickers are employed and how many are unemployed?
14.00-
10.50-
The equilibrium wage rate of apple pickers is $ an hour and the equilibrium quantity of apple pickers employed is.
If the New England states introduce a minimum wage of
$7.00 an hour, pickers are employed and pickers are unemployed.
7.00-
3.50
1500
2250
3000
3750
Quantity (pickers)
4500
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