Figure 28-3
-Refer to Figure 28-3. At the equilibrium wage, how many workers are employed?

Name: Figure 28-3 -Refer to Figure 28-3. At the equilibrium wage, how many workers are employed?
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Question

Figure 28-3 
-Refer to Figure 28-3. At the equilibrium wage, how many workers are employed?

Quizplus · Accepted Answer

At the equilibrium wage, which is $10,000 in this case, the quantity of labor demanded is equal to the quantity of labor supplied. This point is where the demand and supply curves intersect. At this point, we can see that 9,000 workers are employed.

Figure 28-3 -Refer to Figure 28-3. at the Equilibrium Wage, How Many