The wage in a labor market is determined by the
A) intersection of its labor demand and labor supply curves.
B) difference in the demand for jobs and the supply of jobs.
C) positive slope of the demand curve and the negative slope of the supply curve.
D) length of the labor demand curve and the labor supply curve.
Correct Answer:
Verified
Q2: In the labor market for computer programmers,
Q3: In the labor market for computer programmers,
Q4: The labor demand curve in a labor
Q5: The labor supply curve in a labor
Q6: In a labor market, the wage is
A)the
Q7: In a labor market, the quantity is
A)the
Q8: In a labor market graph, _ is
Q9: As wage rises, the opportunity cost principle
Q10: According to the cost-benefit principle, the number
Q11: In a perfectly competitive labor market, employers
A)pay
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