Refer to the information provided in Figure 13.2 below to answer the questions that follow. 
Figure 13.2
-Refer to Figure 13.2. If this firm pays the efficient wage of $11,
A) the firm's demand for labor will increase until $11 is also the equilibrium wage.
B) the supply of labor will decrease until $11 is also the equilibrium wage.
C) there will be an excess supply of labor of 2,000.
D) there will be an excess supply of labor of 3,000.
Correct Answer:
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