Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market.The labour demand curve is Q_D = 1000 - 20(w).The labour supply curve is Q_S= 400 + 40(w).What is the equilibrium level of employment?

Question

Quizplus · Accepted Answer

The equilibrium level of employment is found at the point where the labour demand curve and the labour supply curve intersect. In this case, the equilibrium level of employment is 800 workers.

Suppose There Is a Competitive Market for Retail Workers at a Large