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olga_2 [115]
3 years ago
11

City councilwoman has proposed amending the living wage law. she suggests reducing the minimum wage to​ $6 per hour. assuming th

at the labor demand and supply curves were to remain in their present​ positions, how many people would be unemployed at a​ $6 minimum​ wage?
Business
1 answer:
ioda3 years ago
6 0
0 thousands of the people would be unemployed at a $6 minimum wage. It is because at a wage of $6 per hour which is the minimum wage per  hour <span>the quantity demanded of workers is higher than the quantity supplied of workers. The quantity demanded of the workers will be high than the quantity supplied of the workers.</span>
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Answer:

Explanation:

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Answer and Explanation:

The classification is as follows:

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Answer:

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There is frictional instability, since both employers and employees are diverse, and the dynamics of market forces can lead in a shortage. Such a misalignment may be linked to expertise, salary, job time, place, mood, taste, and many other variables.

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