Multiple Choice
In the following graph, S and D represent the supply and demand curves respectively, in the labour market. Refer to the graph to answer the question. When the wage in the market is set at £7:
A) there is a surplus of 100 workers.
B) there is a shortage of 150 workers.
C) there is a surplus of 200 workers.
D) there is a shortage of 275 workers.
Correct Answer:

Verified
Correct Answer:
Verified
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