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

question 120

Multiple Choice

If the graph shown is displaying a competitive market and the market is currently offering a wage more than P*:

• A) there would be a shortage of workers who want to work at that wage.
• B) there would be unemployment in the market.
• C) firms would have a hard time finding employees.
• D) other firms would increase demand and shift the equilibrium.

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