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-In Exhibit O-8, If the Wage Rate Is $12

Question 40

Multiple Choice

-In Exhibit O-8, if the wage rate is $12, A) a labor shortage results B) a labor surplus results C) the wage rate is in equilibrium D) a scarcity of workers results E) an excess demand for workers results
-In Exhibit O-8, if the wage rate is $12,


A) a labor shortage results
B) a labor surplus results
C) the wage rate is in equilibrium
D) a scarcity of workers results
E) an excess demand for workers results

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