The Following Table Shows the Market Demand Schedule and Supply

question 23

Multiple Choice

The following table shows the market demand schedule and supply schedule for notebooks.

-Refer to the table above.At what price does the market for notebooks clear?

• A) $2
• B) $3
• C) $4
• D) $5

Recognize the impact of technology and capital on labor productivity and wages.

Analyze the role of unionization and its impact on wage rates.

Distinguish between nominal and real wages and their adjustments in response to inflation and deflation.

Recognize the global context of wages and understand how different countries compare in terms of labor compensation.