The Graph Shown Displays a Competitive Market That Is Currently

question 123

Multiple Choice

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

• A)Excess workers will want to work at that wage.
• B)There will be unemployment.
• C)Firms will have a hard time finding employees.
• D)Firms will be forced by the government to adjust wages back to equilibrium.

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This term describes the phenomenon where people's moral awareness and self-control are higher in the morning, and decline over the course of the day.

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