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Use the Figure Below to Answer the Following Questions

Question 88

Multiple Choice

Use the figure below to answer the following questions. Use the figure below to answer the following questions.   Figure 17.3.2 -Refer to Figure 17.3.2.If the labour market illustrated in this figure is competitive,the equilibrium wage rate is ________ and the quantity of labour hired is ________. A) $11 per hour;800 hours B) $11 per hour;400 hours C) $14 per hour;600 hours D) $17 per hour;400 hours E) $14 per hour;800 hours. Figure 17.3.2
-Refer to Figure 17.3.2.If the labour market illustrated in this figure is competitive,the equilibrium wage rate is ________ and the quantity of labour hired is ________.


A) $11 per hour;800 hours
B) $11 per hour;400 hours
C) $14 per hour;600 hours
D) $17 per hour;400 hours
E) $14 per hour;800 hours.

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