If a minimum wage for teenagers is set at $5 an hour, how many hours do they
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The table gives the demand and supply schedules of teenage labor.
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Wage rate (dollars per hour) Quantity demanded Quantity supplied (hours per month 3,000 2,500 2,000 1,500 1,000 1,000 1,500 2,000 2,500 3,000 6
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They work 2000 hours a month A minimum wage rate is the lowest wage rate that a teenager can ...View the full answer
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