If the graph shown is displaying a competitive labor market,the equilibrium wage in the market would be:
A) Q*.
B) P*.
C) S.
D) D.
Correct Answer:
Verified
Q115: Q116: When the U.S.cuts funding for border patrol,the Q117: If producers who hire labor in a Q118: Budget cuts which lead to more lax Q119: If wages drop below the market equilibrium Q121: If it is a cultural norm to Q123: A slump in one industry could increase Q125: For any competitive labor market,changes that decrease Q130: The determinants of labor supply include: Q131: If the U.S. experiences an enormous surge
A)culture and
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