Which of the Following Is Not a Consequence of Above-Equilibrium

question 337

Multiple Choice

Which of the following is not a consequence of above-equilibrium wages in a labor market?

• A)a surplus of labor
• B)unemployment
• C)more unionized jobs
• D)All of the above are consequences of above-equilibrium wages.

---

Definitions:

Standard Deviation

A measure of the dispersion or variability within a dataset, indicating how spread out the values are from the mean.

Coefficient Of Variation

A consistent way to quantify the variability of a probability or frequency distribution, represented as a proportion of the mean.

Range

The gap between the maximum and minimum numbers within a dataset.

College Student

An individual who is enrolled in and attending courses at a college or university.