Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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