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Figure 3.4 -In Figure 3.4, If the Wage Rate in Market a Rate

Question 21

Multiple Choice

Figure 3.4
Figure 3.4 -In Figure 3.4, if the wage rate in market A and market B were set at $15, then A) there would be a shortage of workers in both markets. B) there would be a surplus of workers in both markets. C) there would be a shortage of workers in market A and a surplus of workers in market B. D) there would be a shortage of workers in market B and a surplus of workers in market A. E) the market as a whole would be in equilibrium.
-In Figure 3.4, if the wage rate in market A and market B were set at $15, then


A) there would be a shortage of workers in both markets.
B) there would be a surplus of workers in both markets.
C) there would be a shortage of workers in market A and a surplus of workers in market B.
D) there would be a shortage of workers in market B and a surplus of workers in market A.
E) the market as a whole would be in equilibrium.

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