Use the following table to answer the following questions.

-At what price level does the labor market reach equilibrium?
A) $5.00
B) $5.50
C) $6.00
D) $6.50
E) $7.00

Question

Use the following table to answer the following questions.
 
-At what price level does the labor market reach equilibrium? 
A) $5.00 
B) $5.50 
C) $6.00 
D) $6.50 
E) $7.00

Quizplus · Accepted Answer

At the price level of $6.00, the quantity supplied and quantity demanded are both 85, which means the labor market has reached equilibrium. It is the point where the supply curve intersects the demand curve.

Use the Following Table to Answer the Following Questions