Question: please answer these: = = the question says: suppose the demand for labor is given by the equation P = 75-2Q and the supply for

= = the question says: suppose the demand for labor is given by the equation P = 75-2Q and the supply for labor is given by the equation P = 15 + 4Q. Price is the hourly wage rate in dollars and quantity measures the number of workers. Impose a minimum wage of $70 will result in a.) Unemployment of O and firms will hire 15 b) none of the above c) Labor surplus of 15 and firms will hire 20 workers d) Labor shortage of O and firms will hire 10 If the government wants to increase tax revenue while keeping deadweight loss at a minimum, then it should Tax goods that have low elasticity of demand and supply. Tax goods that have low elasticity of demand and high elasticity of supply. Tax goods that have high elasticity of demand and low elasticity of supply. Tax goods that have high elasticity of demand and supply
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