If city officials expect that an increase in bus fares will raise mass transit revenues, they must think that the demand for bus travel is

In the table above, the market is in equilibrium. Then a minimum wage is set at $11 per hour. The number of unemployed workers will be

A) 0. B) 2 million. C) 4 million. D) 6 million.

Evidence shows that many people who delay searching for a job for a year or longer after they are laid off

A) find that they have little to no chance to find new employment after being unemployed for so long. B) find it easier to find new employment than if they had searched for a new job soon after they were laid off. C) find that the extra unemployment benefits they receive during their extended period of unemployment more than make up for the difficulty in finding a job once they decide to re-enter the workforce. D) find it more difficult to find new employment than if they had searched for a new job soon after they were laid off.