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The Following Figure Shows a Competitive Labor Market (Supply and Demand

Question 244

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The following figure shows a competitive labor market (supply and demand for work hours) , where the price of work is also known as wages.
The following figure shows a competitive labor market (supply and demand for work hours) , where the price of work is also known as wages. -Refer to the graph above.If the government levies a tax on wages,the inefficiency (deadweight loss) of this policy is ________. A) more if the labor supply is S₁ B) more if the labor supply is S₂ C) equal if labor supply is S₁ or S₂ D) is zero for either S₁ or S₂
-Refer to the graph above.If the government levies a tax on wages,the inefficiency (deadweight loss) of this policy is ________.


A) more if the labor supply is S₁
B) more if the labor supply is S₂
C) equal if labor supply is S₁ or S₂
D) is zero for either S₁ or S₂

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