Multiple Choice
FIGURE 14-2
-Refer to Figure 14-2. In a perfectly competitive labour market, the equilibrium wage rate and the quantity of labour employed would be
A) W4 and Q4.
B) W2 and Q2.
C) W5 and Q5.
D) W1 and Q1.
E) W5 and Q4.
Correct Answer:
Verified
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