The United States was taken off the gold standard by

According to the law of supply, when prices increase,

a. demand increases b. quantity demanded increases c. supply increases d. quantity supplied increases

Refer to Table 4-4. If a minimum wage of $10.50 an hour is mandated, what is the quantity of labor demanded?

A) 400,000 B) 370,000 C) 340,000 D) 60,000