The figures given below show the demand (D)and supply (S) curves of labor in two different markets.Figure 16.3

-From Figure 16.3, calculate the amount of the wage differential.

Question

The figures given below show the demand (D)and supply (S) curves of labor in two different markets.Figure 16.3
 
-From Figure 16.3, calculate the amount of the wage differential.

Quizplus · Accepted Answer

The wage differential is calculated as the difference between the wage levels of two groups, sectors, or regions. Without seeing Figure 16.3, a precise calculation cannot be made. However, based on the context of typical wage differential questions, the correct answer is chosen as a placeholder.

The Figures Given Below Show the Demand (D)and Supply (S)