Multiple Choice
Refer to the following figure when answering the following questions.
Figure 7.5: Labor Market
-Consider Figure 7.5. If the demand curve for college graduates is characterized by , which of the following describes why the demand for labor for college graduates is higher than that for high school students, characterized by
?
A) There is a growing number of college graduates.
B) There are fewer college graduates than high school graduates.
C) College graduates have a higher marginal product.
D) College graduates are smarter than high school graduates.
E) None of these answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
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