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Supply and demand schedule for labor hours in france

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Reference no: EM132440721

Problem:

Wage.    Quantity Supplied.   Quantity Demanded

10                    3,000         5,000

12                    3,500         4,500

14                    4,000         4,000

16                    4,500         3,500

18                    5,000         3,000

Here are listed the supply and demand schedule for labor hours in France. This country has several restrictive laws & strikes!

Discuss (no computations needed): What would be the effects in the labor market of a law that restricts the workweek to 35 hours?

Reference no: EM132440721

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