Multiple Choice
Refer to the information provided in Figure 28.2 below to answer the question(s) that follow. 
Figure 28.2
-Refer to Figure 28.2. If this firm pays the efficient wage of $9
A) the firm's demand for labor will decrease until $9 is also the equilibrium wage.
B) the supply of labor will increase until $9 is also the equilibrium wage.
C) there will be an excess demand for labor of 3,000.
D) there will be an excess supply of labor of 3,000.
Correct Answer:
Verified
Correct Answer:
Verified
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