Business, 06.10.2019 00:20 olson1312

Question 4
figure: labor market 1
price per
hour
0 20 40 60 80 120 140 160 hours of work
(millions)
reference: ref 5-4 (8-4)
(figure: labor market 1) refer to the figure. if there is a price ceiling set at $6, how much shortage or surplus, if any, is there?
a. there is no shortage and no surplus.
b. 80 million hours
c. 60 million hours
od. 120 million hours

Answers: 3

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Question 4
figure: labor market 1
price per
hour
0 20 40 60 80 120 140 160...

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