In a Labor Market Diagram,the Point at Which the Labor

question 53

Multiple Choice

In a labor market diagram,the point at which the labor supply curve crosses the labor demand curve is

• A) the point at which all workers are employed at the salary at which they would prefer to be employed
• B) the point at which all jobs are filled at the wage employers prefer to pay
• C) the point at which everyone who wants to work is able to find a job
• D) a point at which we have excess labor supply,causing unemployment
• E) the point at which excess demand for labor drives the wage rate upward

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