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The Following Figure Shows the Labor Demand Curve, LD₁, and Labor

Question 51

Multiple Choice

The following figure shows the labor demand curve, LD₁, and labor supply curve, LS₁, in a market. A month later, the labor demand curve shifts to LD₂.
The following figure shows the labor demand curve, LD₁, and labor supply curve, LS₁, in a market. A month later, the labor demand curve shifts to LD₂. -Refer to the figure above.If there is downward wage rigidity in the market,what will be the wage rate,everything else remaining unchanged? A) $10 B) $15 C) $25 D) $30
-Refer to the figure above.If there is downward wage rigidity in the market,what will be the wage rate,everything else remaining unchanged?


A) $10
B) $15
C) $25
D) $30

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