Multiple Choice
Which of the following is true of a standard supply and demand diagram for the labor market?
A) Price is displayed on the vertical axis and labor quantity is displayed on the horizontal axis.
B) Price is displayed on the horizontal axis and labor quantity is displayed on the vertical axis.
C) Wage is displayed on the vertical axis and labor quantity is displayed on the horizontal axis.
D) Wage is displayed on the horizontal axis and labor quantity is displayed on the vertical axis.
E) Price is displayed on the vertical axis and wage is displayed on the horizontal axis.
Correct Answer:
Verified
Correct Answer:
Verified
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