If supply is low relative to demand,then we can expect the equilibrium wage to be:
A) demand-determined.
B) relatively high.
C) relatively low.
D) neither high nor low,but very volatile.
Correct Answer:
Verified
Q102: Which of the following statements about minimum-wage
Q109: All else equal,when the supply of workers
Q110: How can an increase in the minimum-wage
Q110: Which of the following is a reason
Q113: Minimum-wage laws
A) increase the efficiency of labor
Q114: Wages are higher in occupations that are
Q115: A study done about gender gaps identified
Q119: Beth is a college student looking for
Q120: A small supply of workers in a
Q132: Occupational licensing
A) lowers the supply of labor
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents