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Scenario: the Following Figure Shows the Labor Market for Farm

Question 80

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Scenario: The following figure shows the labor market for farm workers who pick peaches in Georgia. Suppose that price of peaches suddenly increases.
Scenario: The following figure shows the labor market for farm workers who pick peaches in Georgia. Suppose that price of peaches suddenly increases. -Refer to the scenario above.Before the price of peaches increased,the equilibrium wage rate in this market was ________. A) $8 B) $7.25 C) $2 D) $40
-Refer to the scenario above.Before the price of peaches increased,the equilibrium wage rate in this market was ________.


A) $8
B) $7.25
C) $2
D) $40

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