The Following Figure Shows Two Labor Demand Curves, LD₁ and LD₂

question 2

Multiple Choice

The following figure shows two labor demand curves, LD₁ and LD₂, and two labor supply curves, LS₁ and LS₂.

-Refer to the figure above.What is the equilibrium wage rate if the labor demand curve is LD₁ and the labor supply curve is LS₁?

• A) $15
• B) $20
• C) $25
• D) $30

---

Definitions:

Triple Bottom Line

An accounting framework that broadens a business's focus on social and environmental concerns in addition to financial performance, embodying the principles of sustainability.

Sustainability

Involves practices and strategies that meet present needs without compromising the ability of future generations to meet their needs, highlighting environmental, economic, and social dimensions.

Economic Results

The outcomes related to the financial performance and economic health of a business or economy, reflecting growth or challenges.

Profitability

Profitability is a financial metric indicating the degree to which a company or business activity yields profit, comparing revenue against expenses over a specific period.