The figures given below show the demand (D) and supply (S) curves of labor in two different markets.Figure 16.3

-Which of the following statements is true?
A) Income earned by a worker with a college degree grows more rapidly than a worker without a college degree during their early working years.
B) A worker with a college degree always earns less than a worker without a college degree.
C) A worker with a college degree always earns more than a worker without a college degree.
D) A worker without a college degree initially earns more than a worker with a college degree but the latter surpasses the former in due course of time.
E) Both the workers earn equal incomes after a certain period of time.
Correct Answer:
Verified
Q23: The figures given below show the demand
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Q33: The figures given below show the demand
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