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Figure: The Labor Market
-(Figure: The Labor Market) Look at the figure The Labor Market. The level of employment at the equilibrium wage rate is:
A)80,000.
B)110,000
C)100,000.
D)90,000.

Question

Use the following to answer questions:
Figure: The Labor Market 
-(Figure: The Labor Market) Look at the figure The Labor Market. The level of employment at the equilibrium wage rate is:
A)80,000. 
B)110,000 
C)100,000. 
D)90,000.

Quizplus · Accepted Answer

At the equilibrium wage rate, the quantity of labor demanded is equal to the quantity of labor supplied, which is 100,000 in this case. This is reflected by the intersection of the demand and supply curves. Therefore, the level of employment at the equilibrium wage rate is 100,000.

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