The following figure shows two labor demand curves, LD₁ and LD₂, and two labor supply curves, LS₁ and LS₂.
-Refer to the figure above.What is the equilibrium employment when the labor demand curve is LD₂ and the labor supply curve is LS₂?
A) 5 units
B) 10 units
C) 15 units
D) 20 units
Correct Answer:
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