In the Following Graph, S and D Represent the Supply

question 27

Multiple Choice

In the following graph, S and D represent the supply and demand curves respectively, in the labour market. Refer to the graph to answer the question. When the wage in the market is set at £7:

• A) there is a surplus of 100 workers.
• B) there is a shortage of 150 workers.
• C) there is a surplus of 200 workers.
• D) there is a shortage of 275 workers.

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Definitions:

Comparison Group

A group in a study that does not receive the treatment or intervention and is used as a benchmark to measure how the other tested group performs.

Emphasize

To give special importance or prominence to something in speaking or writing.

Self-presentation Strategies

Techniques used by individuals to control the impressions others form of them during social interactions.

Ingratiation

Behaving in ways to make oneself likable to others.