The table below shows the labour demand and labour supply schedules in a competitive labour market.
TABLE 14-1
-Refer to Table 14-1.In a competitive labour market that clears,the equilibrium employment level would be
A) 400 units.
B) 500 units.
C) 800 units.
D) 1000 units.
E) 1300 units.
Correct Answer:
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