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

Question 114

Multiple Choice

If the graph shown is displaying a competitive market and the market is currently offering a wage more than P*: A) there would be a shortage of workers who want to work at that wage. B) there would be unemployment in the market. C) firms would have a hard time finding employees. D) other firms would increase demand and shift the equilibrium. If the graph shown is displaying a competitive market and the market is currently offering a wage more than P*:


A) there would be a shortage of workers who want to work at that wage.
B) there would be unemployment in the market.
C) firms would have a hard time finding employees.
D) other firms would increase demand and shift the equilibrium.

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