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Use the Accompanying Table, Which Shows the Supply and Demand

Question 11

Multiple Choice

Use the accompanying table, which shows the supply and demand schedules for workers in the country of Hovian, to answer the questions that follow.
Use the accompanying table, which shows the supply and demand schedules for workers in the country of Hovian, to answer the questions that follow. -If the wage is temporarily set at $25,it will need to __________ in order to restore equilibrium. A) rise B) fall C) remain unchanged D) decrease to zero E) increase to $30
-If the wage is temporarily set at $25,it will need to __________ in order to restore equilibrium.


A) rise
B) fall
C) remain unchanged
D) decrease to zero
E) increase to $30

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