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-What Is the Situation in This Labor Market at a Wage

Question 4

Multiple Choice

-What is the situation in this labor market at a wage of $16 per hour? A) The market is in equilibrium. B) There is a surplus of 200 workers. C) There is a surplus of 400 workers. D) There is a shortage of 200 workers.
-What is the situation in this labor market at a wage of $16 per hour?


A) The market is in equilibrium.
B) There is a surplus of 200 workers.
C) There is a surplus of 400 workers.
D) There is a shortage of 200 workers.

Correct Answer:

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