In the Following Graph, S and D Represent the Supply

question 79

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. The labour market is in equilibrium when _____ workers are employed.

• A) 200
• B) 100
• C) 300
• D) 275

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Definitions:

Capital

Refers to the wealth in the form of money or assets owned by an individual or organization that is available for investment or production purposes.

Physical Capital

Physical Capital constitutes the physical assets like machinery, buildings, and equipment that contribute to the production process in an economy.

University Graduate

An individual who has completed a course of study at a university, earning a degree or diploma.

Young Adults

Individuals in their late teens to early thirties, often considered in the context of social, economic, and psychological development.