Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market.
-The items held constant in the study of economic theory is known as the determinants of demand and the determinants of supply.

Question

​Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market. 
-​The items held constant in the study of economic theory is known as the determinants of demand and the determinants of supply.

Quizplus · Accepted Answer

The determinants of demand and the determinants of supply are the factors that are assumed to be held constant in the study of economic theory.

​Figure 53

Figure 53