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Use the Following Table,which Shows the Supply and Demand Schedules

Question 112

Multiple Choice

Use the following table,which shows the supply and demand schedules for workers in the country of Hovian,to answer the following questions:
Use the following table,which shows the supply and demand schedules for workers in the country of Hovian,to answer the following questions: -If the wage is temporarily set at $25,it will need to ________ 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 ________ to restore equilibrium.


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

Correct Answer:

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