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Use the Following Diagram to Answer the Following Questions

Question 54

Multiple Choice

Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions.    -Refer to Payroll. Suppose there is no payroll tax in effect, which demand curve represents the value of the output produced by labor? A)  Da. B)  Db. C)  S₁ D)  This cannot be determined from the above diagram.
-Refer to Payroll. Suppose there is no payroll tax in effect, which demand curve represents the value of the output produced by labor?


A) Da.
B) Db.
C) S₁
D) This cannot be determined from the above diagram.

Correct Answer:

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