The Graph Shown Displays a Competitive Market That Is Currently

question 28

Multiple Choice

The graph shown displays a competitive market that is currently offering a wage more than P*. Which of the following statements is true about this market?

• A)A surplus of workers will want to work at that wage.
• B)There will be no unemployment in the market.
• C)Firms will have a hard time finding workers.
• D)Equilibrium has been be achieved.

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