Tackle the Test: Free-Response Questions

91

  1. Question

    Refer to the graph provided to answer the following questions.

    image
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    Rubric for FRQ 1 (6 points)

    1 point: equilibrium wage = $6, quantity of labor = 1,800

    1 point: The minimum wage will have an effect if it is set anywhere above $6.

    1 point: 2,600 workers would supply their labor

    1 point: 1,000 workers would be hired

    1 point: 800 (the number of workers who would want to work for $8 but did not supply labor for $6)

    1 point: 800 (at the equilibrium wage of $6, 1,800 workers were hired; at a wage of $8, 1,000 workers would be hired. 1,800 – 1,000 = 800)

  2. Question

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