The Figures Given Below Show the Demand (D)and Supply (S)

question 90

Multiple Choice

The figures given below show the demand (D) and supply (S) curves of labor in two different markets.Figure 16.3

-Refer to Figure 16.3. If the wage rates in market A and market B were set at $15, then:

• A)there would be a shortage of workers in both markets.
• B)there would be a surplus of workers in both markets.
• C)there would be a shortage of workers in market A and a surplus of workers in market B.
• D)there would be a shortage of workers in market B and a surplus of workers in market A.
• E)both the markets will be in equilibrium.

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