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In the Following Graph, S and D Represent the Supply

Question 27

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. 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. 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.

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