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Figure 18-10 -Refer to Figure 18-10.If the Relevant Labor Demand Curve Is

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Figure 18-10
Figure 18-10    -Refer to Figure 18-10.If the relevant labor demand curve is D₂ and the current wage is W₁, A)  there is a surplus of labor. B)  there is a shortage of labor. C)  the quantity of labor supplied exceeds the quantity of labor demanded. D)  workers are failing to take into account the work-leisure tradeoff in deciding what quantity of labor to supply at alternative wages.
-Refer to Figure 18-10.If the relevant labor demand curve is D₂ and the current wage is W₁,

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