The following data is about the labor market.
Wage
Quantity Demanded Quantity Supplied
(Dollars per hour) (Units) (Units)
8 6,00 1,500
7 9,00 1,300
6 1,200 1,200
5 1,500 1,000
4 1,800 8,00
If the local government imposed a minimum wage of $5, how many people would be unemployed?
a. 10,000
b. 5,000
c. 2,000
d. 0