Question

The data shows the market for daycare workers in a particular city: (quantity of workers in hundreds) 5.50 Hourly wage (5) Quantity demanded Quantity supplied 6 5 5 6.50 4 6 7 3 7 7.50 2 8 Refer to the information above to answer this question. What would happen if the government were to establish a minimum wage of $6.50 an hour? Select one: O A. The wage would stay at $6 and there would be no unemployment B. There would be 200 daycare workers unemployed. OC. The daycare centres would have difficulty finding sufficient workers. OD. The number employed would increase by 100, E. The equilibrium wage would rise to $6.50 and there would be no unemployment

Answer 1

Answer:

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