Solved

Use the Accompanying Table, Which Shows the Supply and Demand

Question 6

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 set temporarily at $15,it will need to __________ in order to restore equilibrium. A)  decrease to zero B)  increase to $35 C)  fall D)  increase E)  remain unchanged
-If the wage is set temporarily at $15,it will need to __________ in order to restore equilibrium.


A) decrease to zero
B) increase to $35
C) fall
D) increase
E) remain unchanged

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions