Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market.
-Refer to figure 5.3. The surplus or unemployment in the labor market is represented by:
A) a rightward shift in the labor demand curve.
B) a fall in price from $6 to $4.
C) the distance between QII and Q.
D) the distance between Q and QI.
E) the distance between the points A and B.
Correct Answer:
Verified
Q40: Figure 5.2. The figure shows the supply
Q41: Figure 5.2. The figure shows the supply
Q42: Figure 5.3. The figure shows the wage
Q43: Figure 5.2. The figure shows the supply
Q44: Figure 5.2. The figure shows the supply
Q46: Figure 5.2. The figure shows the supply
Q47: Figure 5.3. The figure shows the wage
Q48: Figure 5.3. The figure shows the wage
Q49: Figure 5.3. The figure shows the wage
Q50: Figure 5.3. The figure shows the wage
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