Use the following table,which shows the supply and demand schedules for workers in the country of Hovian,to answer the following questions:

-Wages above ________ will cause a ________.
A) $10; surplus
B) $50; shortage
C) $20; surplus
D) $30; shortage
E) $40; shortage

Question

Use the following table,which shows the supply and demand schedules for workers in the country of Hovian,to answer the following questions:
 
-Wages above ________ will cause a ________.
A) $10; surplus 
B) $50; shortage 
C) $20; surplus 
D) $30; shortage 
E) $40; shortage

Quizplus · Accepted Answer

Wages above the equilibrium wage will cause a surplus of labor.

Use the Following Table,which Shows the Supply and Demand Schedules