-The Table Above Shows the Labor Market for the Country

Multiple Choice

$$\begin{array} { | l | c | c | } \hline \begin{array} { c } \text { Real wage rate } \\\text { (2005 dollars } \\\text { per hour) }\end{array} & \begin{array} { c } \text { Quantity of labor } \\\text { demanded (billions } \\\text { of hours peryear) }\end{array} & \begin{array} { c } \text { Quantity of labor } \\\text { supplied (billions } \\\text { of hours per year) }\end{array} \\\hline 15 & 70 & 10 \\\hline 20 & 60 & 20 \\\hline 25 & 50 & 30 \\\hline 30 & 40 & 40 \\\hline 35 & 30 & 50 \\\hline\end{array}$$
-The table above shows the labor market for the country of Pickett. When the labor market is in equilibrium, the real wage rate is _________and ___________of labor a year are employed.

A) any value less than $25 an hour; any value greater than 40 billion hours
B) any value greater than or equal to $25 an hour; any value less than 40 billion hours
C) $30 an hour; 40 billion hours
D) any value greater than $30 an hour; any value more than 40 billion hours