Exhibit 13-5 -Refer to Exhibit 13-5. If the Wage Is Regulated at Is

Multiple Choice

Exhibit 13-5
-Refer to Exhibit 13-5. If the wage is regulated at W₃, then a labor

A) surplus of L₅ - L₁ occurs.
B) surplus of L₄ - L₂ occurs.
C) equilibrium occurs.
D) shortage of L₅ -0 L₁ occurs.
E) shortage of L₄ -L₂ occurs.