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Consider the Graph of the Labor Market Shown Here

Question 151

Multiple Choice

Consider the graph of the labor market shown here. At the wage rate of $23:
Consider the graph of the labor market shown here. At the wage rate of $23: A) there are 6,000 people who cannot get jobs in this market. B) the number of unemployed people in this market is zero. C) there is a labor shortage of 2,000 workers. D) there is a labor surplus of 4,000 workers.


A) there are 6,000 people who cannot get jobs in this market.
B) the number of unemployed people in this market is zero.
C) there is a labor shortage of 2,000 workers.
D) there is a labor surplus of 4,000 workers.

Correct Answer:

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