Use the figure below to answer the following questions.
Figure 6.3.2
-Refer to Figure 6.3.2.The equilibrium quantity of labour is

Question

Use the figure below to answer the following questions.
  Figure 6.3.2
-Refer to Figure 6.3.2.The equilibrium quantity of labour is

Quizplus · Accepted Answer

The equilibrium quantity of labour is determined at the point where the supply and demand curves intersect. This point represents the balance between the quantity of labour supplied by workers and the quantity demanded by employers. Without seeing Figure 6.3.2, the correct answer cannot be determined from the information provided. However, if B is indicated as the correct choice, it implies that at the equilibrium point in Figure 6.3.2, the quantity of labour is 150 billion hours per year.

Use the Figure Below to Answer the Following Questions