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If the Graph Shown Is Displaying a Competitive Market and the Market

question 127

Multiple Choice

  If the graph shown is displaying a competitive market and the market is currently offering a wage less than P*: A)  there would be a shortage of workers who want to work at that wage. B)  there would not be unemployment in the market. C)  firms would have a hard time finding employees. D)  All of these statements are true. If the graph shown is displaying a competitive market and the market is currently offering a wage less than P*:

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