The _____________ in the area ties into the concept of supply and demand.

Question

Quizplus · Accepted Answer

The unemployment rate in the area is directly related to the supply and demand of labor. If the unemployment rate is high, there is generally an oversupply of labor, which can drive down wages, whereas a low unemployment rate indicates a relatively tight labor market and higher wages. The other options do not necessarily have a direct connection to supply and demand.

The _____________ in the Area Ties into the Concept of Supply