Use the following to answer questions :
Figure 13-2
-What is the equilibrium wage rate in Figure 13-2 if discrimination didn't exist?
A)$12
B)$9.50
C)$8
D)$4
E)none of the above

Question

Use the following to answer questions :
Figure 13-2 
-What is the equilibrium wage rate in Figure 13-2 if discrimination didn't exist?
A)$12 
B)$9.50 
C)$8 
D)$4 
E)none of the above

Quizplus · Accepted Answer

The equilibrium wage rate is determined by the intersection of the supply and demand curves for labor. If discrimination didn't exist, the wage rate would be at the point where these curves intersect, which is $8 according to the figure.

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