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Table 4-4 Table 4-4 Shows the Demand and Supply Schedules

Question 119

Multiple Choice

Table 4-4
Table 4-4 Table 4-4 shows the demand and supply schedules for labor market in the city of Pixley. -Refer to Table 4-4.What is the equilibrium hourly wage (W*) and the equilibrium quantity of labor (Q*) ? A) W* = $10.50; Q* = 590,000 B) W* = $11.50; Q* = 570,000 C) W* = $9.50; Q* = 570,000 D) W* = $10.50; Q* = 1,200,000 Table 4-4 shows the demand and supply schedules for labor market in the city of Pixley.
-Refer to Table 4-4.What is the equilibrium hourly wage (W*) and the equilibrium quantity of labor (Q*) ?


A) W* = $10.50; Q* = 590,000
B) W* = $11.50; Q* = 570,000
C) W* = $9.50; Q* = 570,000
D) W* = $10.50; Q* = 1,200,000

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