Multiple Choice
The following figure shows curves for labor demand and labor supply.
-Refer to the figure above.Without interference,the labor market clears at wage ________.Wage rigidity would cause the quantity of labor demanded to ________ and the quantity of labor supplied to ________.
A) Q₂; a quantity below Q₅; a quantity above Q₁
B) Q₃; a quantity above Q₃; a quantity below Q₃
C) Q₄; a quantity below Q₅; a quantity above Q₁
D) Q₃; a quantity below Q₃; a quantity above Q₃
Correct Answer:
Verified
Correct Answer:
Verified
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