The table below shows the labour demand and labour supply schedules in a competitive labour market. $$\begin{array} { | c | c | c | }
\hline \begin{array} { c }
\text { Wage Rate } \
\text { (\$/hour) }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { Demanded } \
\text { of Labour } \
\text { (hours/month) }
\end{array} & \begin{array} { c }
\text { Quantity Supplied } \
\text { of Labour } \
\text { (hours/month) }
\end{array} \
\hline 10 & 1300 & 500 \
\hline 12 & 1000 & 1000 \
\hline 14 & 800 & 1300 \
\hline 15 & 400 & 1500 \
\hline 17 & 200 & 1800 \
\hline
\end{array}$$ TABLE 14- 1
-Refer to Table 14- 1.In a competitive labour market that clears,the equilibrium employment level would be

Question

The table below shows the labour demand and labour supply schedules in a competitive labour market. $$\begin{array} { | c | c | c | } 
\hline \begin{array} { c } 
\text { Wage Rate } \
\text { (\$/hour) }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Demanded } \
\text { of Labour } \
\text { (hours/month) }
\end{array} & \begin{array} { c } 
\text { Quantity Supplied } \
\text { of Labour } \
\text { (hours/month) }
\end{array} \
\hline 10 & 1300 & 500 \
\hline 12 & 1000 & 1000 \
\hline 14 & 800 & 1300 \
\hline 15 & 400 & 1500 \
\hline 17 & 200 & 1800 \
\hline
\end{array}$$ TABLE 14- 1
-Refer to Table 14- 1.In a competitive labour market that clears,the equilibrium employment level would be

Quizplus · Accepted Answer

The Answer is E

The Table Below Shows the Labour Demand and Labour Supply