Which of the following statements is true?

Question

Quizplus · Accepted Answer

The statement "Some workers may be willing to work only at a wage rate above the equilibrium wage rate" is true. This is because some workers may have skills or qualifications that are in high demand, making their labor more valuable, and they may be willing to work only for higher wages. Similarly, some workers may have other preferences, such as a desire for certain working conditions or benefits, that they are willing to trade off for a higher wage. Therefore, there may be a segment of workers who are willing to work only at a wage rate above the equilibrium.

Which of the Following Statements Is True