Figure 3.3 -In Figure 3.3, the Initial Labor Supply Is S₁ and Supply

Multiple Choice

Figure 3.3

-In Figure 3.3, the initial labor supply is S₁ and the labor demand is D₁. If the wage is $6, which of the following is correct?

A) There is a shortage of 20 workers.
B) The actual wage is above the equilibrium wage.
C) There is a shortage of 30 workers.
D) There is a shortage of 10 workers.
E) The market is in equilibrium.