Question: Wage Rate Quantity Supplied Quantity Demanded (dollars Er hour) (millions of hours) (millions of hours) 17 60 30 16 50 40 15 40 50 14

Wage Rate Quantity Supplied Quantity Demanded (dollars Er hour) (millions of

Wage Rate Quantity Supplied Quantity Demanded (dollars Er hour) (millions of hours) (millions of hours) 17 60 30 16 50 40 15 40 50 14 30 60 13 20 70 Table 6.2.2 gives the labour demand and labour supply schedules for low-skilled labour. What is the equilibrium wage rate in an unregulated market? 0 A. $15.00 per hour 0 B. $15.50 per hour Q C. $16.00 per hour 0 D. $16.50 per hour O E. $17.50 per hour

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