# economics

Suppose that the free market labour supply and labour demand equations are given by
Qs = 5W and Qd = 30 - 5W. If the minimum wage were set at \$2.50 an hour, how many
people would not be able to find work?

1. 👍 0
2. 👎 0
3. 👁 475
1. 20

1. 👍 0
2. 👎 0

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