Use the following to answer questions:
-(Figure: The Labour Market)Use Figure: The Labour Market.The size of the labour force at the equilibrium wage rate is:
A) 80 000.
B) 110 000.
C) 100 000.
D) 200 000.

Question

Use the following to answer questions: 
-(Figure: The Labour Market)Use Figure: The Labour Market.The size of the labour force at the equilibrium wage rate is:
A) 80 000. 
B) 110 000. 
C) 100 000. 
D) 200 000.

Quizplus · Accepted Answer

At the equilibrium wage rate, the quantity of labour demanded is equal to the quantity of labour supplied, which is 100,000 workers in this case.

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