Refer to the Information Provided in Figure 13

Multiple Choice

Refer to the information provided in Figure 13.2 below to answer the questions that follow. Figure 13.2
-Refer to Figure 13.2. If this firm pays the efficient wage of $9

A) the firm's demand for labor will decrease until $9 is also the equilibrium wage.
B) the supply of labor will increase until $9 is also the equilibrium wage.
C) there will be an excess demand for labor of 3,000.
D) there will be an excess supply of labor of 3,000.