Multiple Choice
Consider the following model of the labor market:
Labor supply: 
Labor demand: 
The endogenous variables are
A) 
and 
.
B) 
and the equilibrium wage,w.
C) 
and the equilibrium wage,w.
D) the equilibrium quantity of labor,L,and wage,w.
E) 
and the equilibrium quantity of labor,L.
Correct Answer:
Verified
Correct Answer:
Verified
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