Multiple Choice
Which of the following statements is true?
A) All workers are willing to work at the equilibrium wage rate.
B) At all wages below the equilibrium wage rate, labor supplied exceeds labor demanded.
C) At all wages above the equilibrium wage rate, labor demanded equals zero.
D) Some workers may be willing to work only at a wage rate above the equilibrium wage rate.
Correct Answer:
Verified
Correct Answer:
Verified
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