Question: Urgent answer pls Question 32 (1 point) N Table 6.2.1 Wage Rate Quantity Supplied Quantity Demanded (dollars per hour) (hours per week) (hours per week)
Urgent answer pls

Question 32 (1 point) N Table 6.2.1 Wage Rate Quantity Supplied Quantity Demanded (dollars per hour) (hours per week) (hours per week) O 1,000 200 800 400 600 600 400 800 8 Table 6.2.1 gives the supply and demand schedules for teenage labour in Genoa City. In an unregulated market, 11 12 A) teenage unemployment is 400 hours and the wage rate is $6 per hour. 14 15 (B) there is no teenage unemployment and the wage rate is $5 per hour. 6 17 18 ( C) the minimum wage is $7 per hour. (D) teenage unemployment is 400 hours and the wage rate is $5 per hour. 19 20 21 (E) there is no teenage unemployment and the wage rate is $6 per hour
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
