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Figure: Labor Market Refer to the Figure

Question 218

Multiple Choice

Figure: Labor Market Figure: Labor Market Refer to the figure. Which statement is correct? A) A price floor set at W<sub>1</sub> would cause a labor surplus best labeled by A. B) A price floor set at W<sub>1</sub> would cause a labor surplus best labeled by B. C) A price floor set at W<sub>2</sub> would cause a labor surplus best labeled by A. D) A price floor set at W<sub>2</sub> would cause a labor surplus best labeled by B. Refer to the figure. Which statement is correct?


A) A price floor set at W1 would cause a labor surplus best labeled by A.
B) A price floor set at W1 would cause a labor surplus best labeled by B.
C) A price floor set at W2 would cause a labor surplus best labeled by A.
D) A price floor set at W2 would cause a labor surplus best labeled by B.

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