The equilibrium wage is $13
 per hour. At this level, there are 56,000
 people who are choosing to stay unemployed because they want higher pay. As the economy evolves, it needs more workers. Employers are ready to pay more, so the equilibrium wage increases to $15
 per hour. For each $1
 increase in the equilibrium wage, 9%
 of voluntarily unemployed people are willing to search for a job.

Based on the new equilibrium wage, calculate how many people are now willing to find a job. Enter your answer in the box.

We are given the following information:

- Initial equilibrium wage: \$13 per hour
- New equilibrium wage: \$15 per hour
- Number of voluntarily unemployed people at \$13 per hour: 56,000
- For each \$1 increase in wage, 9% of the voluntarily unemployed people are willing to search for a job.

### Step-by-Step Calculation:

1. The increase in wage is:
   \[
   15 - 13 = 2 \, \text{dollars}
   \]

2. For each \$1 increase, 9% of the voluntarily unemployed people are willing to search for a job. Since the wage increased by \$2, the percentage of voluntarily unemployed people willing to find a job is:
   \[
   9\% \times 2 = 18\%
   \]

3. Now, calculate 18% of 56,000:
   \[
   0.18 \times 56,000 = 10,080
   \]

4. So, 10,080 people who were voluntarily unemployed are now willing to find a job.

### Final Answer:
\[
10,080 \, \text{people}
\]

Would you like more details on how this calculation works or have any other questions?

Here are some related questions you might find interesting:
1. What would happen if the wage increased to \$17 per hour?
2. How would a wage decrease affect the number of people searching for a job?
3. How does the concept of equilibrium wage relate to supply and demand in labor markets?
4. Can you calculate the new unemployment rate given a specific workforce size?
5. What other factors besides wage might influence voluntary unemployment?

**Tip:** Keep track of percentage changes by multiplying the rate directly with the base value to find the increase or decrease.

The equilibrium wage is $13 per hour. At this level, there are 56,000 people who are choosing to stay unemployed because they want higher pay. As the economy evolves, it needs more workers. Employers are ready to pay more, so the equilibrium wage increases to $15 per hour. For each $1 increase in the equilibrium wage, 9% of voluntarily unemployed people are willing to search for a job. Based on the new equilibrium wage, calculate how many people are now willing to find a job.

Learn how to calculate how many voluntarily unemployed people are willing to find a job after a wage increase. With an initial equilibrium wage of $13 per hour and a 9% willingness per $1 increase, the wage rises to $15. Find out how 10,080 people respond to this economic shift. Suitable for Grades 9-11.

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