The above figure shows the market for finish carpenters in Bozeman. If there wage set at $18, what is TRUE? Select one: O a. The lowest wage for which someone is willing to work is $18 an hour. Ob. 200,000 workers are employed. O c. The quantity of jobs demanded is more than the quantity supplied. O d. The quantity of jobs increases to 400,000. O e. The lowest wage for which someone is willing to work is $20 an hour.

The above figure shows the market for finish carpenters in Bozeman. If there wage set at $18, what is TRUE? Select one: O a. The lowest wage for which someone is willing to work is $18 an hour. Ob. 200,000 workers are employed. O c. The quantity of jobs demanded is more than the quantity supplied. O d. The quantity of jobs increases to 400,000. O e. The lowest wage for which someone is willing to work is $20 an hour.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 15P

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