In the Following Graph, S and D Represent the Supply

question 22

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 £15:

• A) there is a surplus of 300 workers.
• B) there is a shortage of 100 workers.
• C) there is a surplus of 200 workers.
• D) there is a shortage of 275 workers.

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Definitions:

Emotional Expression

The way in which a person outwardly shows or communicates their emotions, through facial expressions, body language, or verbal communication.

Decision Making

The method of selection that involves pinpointing what decision needs to be made, collecting relevant information, and evaluating different potential solutions.

Emotional Reactions

The automatic, often unconscious, psychological responses elicited by various stimuli or situations, which can vary widely across different individuals.

Moral Decisions

The process of choosing actions that comply with an individual's ethical beliefs and values.