Refer to the Information Provided in Figure 14

Multiple Choice

Refer to the information provided in Figure 14.3 below to answer the questions that follow.
Figure 14.3
-Refer to Figure 14.3.If this firm pays the efficient wage of $11,

A) the firm's demand for labor will increase until $11 is also the equilibrium wage.
B) the supply of labor will decrease until $11 is also the equilibrium wage.
C) there will be an excess supply of labor of 2,000.
D) there will be an excess supply of labor of 3,000.