Figure 3.2 -In Figure 3.2, Assume That We Have Labor Market Demand

Figure 3.2

-In Figure 3.2, assume that we have labor market demand and supply curves of D₁ and S₂, respectively. What is the equilibrium wage and employment level?

A) $5; 30 workers
B) $10; 20 workers
C) $10; 40 workers
D) $15; 30 workers
E) $5; 20 workers