Refer to the Following Figure When Answering
Figure $L _ { 1 } ^ { D }$

Multiple Choice

Refer to the following figure when answering
Figure 7.5: Labor Market
-Consider Figure 7.5. Given what we know about the number of hours worked by college graduates and the wage premium received by college graduates, which equilibrium in the figure characterizes these empirical observations, on average?

A) the intersection of $L _ { 1 } ^ { D }$ and $L _ { 1 } ^ { S }$
B) the intersection of $L _ { 1 } ^ { D }$ and $L _ { 2 } ^ { S }$
C) the intersection of $L _ { 2 } ^ { D }$ and $L _ { 2 } ^ { S }$
D) the intersection of $L _ { 2 } ^ { D }$ and $L _ { 1 } ^ { S }$
E) None of these answers are correct.