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Suppose That This Graph Describes the Current Labor Market for High

question 60

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Suppose that this graph describes the current labor market for high school teachers: Suppose that this graph describes the current labor market for high school teachers:   If wages are currently W*, A) there will be a shortage of certified teachers. B) there will be a surplus of certified teachers. C) the market is in equilibrium: neither a shortage nor a surplus exists. D) teachers are underpaid.
If wages are currently W*,


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