Consider the labor market shown here. If an efficiency wage of $45 is instituted, the number of workers who are:

A)willing to work will rise by 5,000.
B)employed will rise by 5,000.
C)unemployed will fall by 10,000.
D)willing to work will rise by 10,000.

Question

Consider the labor market shown here. If an efficiency wage of $45 is instituted, the number of workers who are:

A)willing to work will rise by 5,000. 
B)employed will rise by 5,000. 
C)unemployed will fall by 10,000. 
D)willing to work will rise by 10,000.

Quizplus · Accepted Answer

The Answer of Consider the labor market shown here. If an efficiency wage of $45 is instituted, the number of workers who are:

A)willing to work will rise by 5,000. 
B)employed will rise by 5,000. 
C)unemployed will fall by 10,000. 
D)willing to work will rise by 10,000.

Consider the Labor Market Shown Here