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If the Graph Shown Is Displaying a Competitive Market and the Market

Question 115

Multiple Choice

If the graph shown is displaying a competitive market and the market is currently offering a wage less than P*: A) there would be excess workers who want to work at that wage. B) there would be unemployment in the market. C) firms will have a hard time finding employees. D) firms would be forced by government to adjust their wages back to equilibrium. If the graph shown is displaying a competitive market and the market is currently offering a wage less than P*:


A) there would be excess workers who want to work at that wage.
B) there would be unemployment in the market.
C) firms will have a hard time finding employees.
D) firms would be forced by government to adjust their wages back to equilibrium.

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