Question 16\ 2 pts\ Table 4-4\ \\\\table[[\\\\table[[Hourly Wage],[(dollars)]],\\\\table[[Quantity of],[Labor],[Supplied]],\\\\table[[Quantity of],[Labor],[Demanded]]],[

$8.00

,350,000,390,000],[8.50,360,000,380,000],[9.00,370,000,370,000],[9.50,380,000,360,000],[10.00,390,000,350,000],[10.50,400,000,340,000]]\ Table 4-4 shows the demand and supply schedules for the low-skilled labor market in the city of Westover.\ Refer to Table 4-4. If a minimum wage of

$10.00

is mandated there will be a\ surplus of 40,000 units of labor.\ surplus of 20,000 units of labor.\ shortage of 20,000 units of labor.\ shortage of 40,000 units of labor.

Table 4-4 Table 4-4 shows the demand and supply schedules for the low-skilled labor market in the city of Westover. Refer to Table 4-4. If a minimum wage of $10.00 is mandated there will be a surplus of 40,000 units of labor. surplus of 20,000 units of labor. shortage of 20,000 units of labor. shortage of 40,000 units of labor