Figure 10-1

-Refer to Figure 10-1. At the equilibrium wage, how many workers are employed?
A) 0
B) 1000
C) 5000
D) 9000

Name: Figure 10-1 -Refer to Figure 10-1. At the equilibrium wage, how many workers are employed? A) 0 B) 1000 C) 5000 D) 9000
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Question

Figure 10-1
 
-Refer to Figure 10-1. At the equilibrium wage, how many workers are employed?
A) 0 
B) 1000 
C) 5000 
D) 9000

Quizplus · Accepted Answer

At the equilibrium wage of $10,000, the demand for workers is equal to the supply of workers, which is 5,000. Therefore, 5,000 workers are employed at the equilibrium wage.

Figure 10-1 -Refer to Figure 10-1. at the Equilibrium Wage, How Many