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​Figure 53

question 47

Multiple Choice

​Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market. ​Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market.   -Refer to figure 5.3. Which of the following is true?​ A) ​The labor market equilibrium is represented by the price and quantity combination of $6 and Q. B) ​The labor market equilibrium is represented by the price and quantity combination of $6 and Q<sub>I</sub>. C) ​The labor market equilibrium is represented by the price and quantity combination of $4 and Q. D) ​The labor market equilibrium is represented by the price and quantity combination of $4 and Q<sub>II</sub>. E) ​The labor market equilibrium is represented by the price and quantity combination of $8 and Q.
-Refer to figure 5.3. Which of the following is true?​


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