Table 4-4 Hourly Wage (dollars) Quantity of Labor Suppl…

  Table 4-4 Hourly Wage (dollars) Quantity of Labor Supplied Quantity of Labor Demanded $7.50 530,000 650,000 8.50 550,000 630,000 9.50 570,000 610,000 10.50 590,000 590,000 11.50 610,000 570,000 12.50 630,000 550,000 Refer to Table 4-4. Suppose that the quantity of labor demanded decreases by 80,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?

Dan, who has been admitted to the alcohol rehabilitation uni…

Dan, who has been admitted to the alcohol rehabilitation unit after being fired for drinking on the job, states to the nurse, “I don’t have a problem with alcohol. I can handle my booze better than anyone I know. My boss is a jerk! I haven’t missed anymore days than my coworkers.” What defense mechanism is Dan using?