Which of the Following Is True About the Equilibrium Market

question 24

Multiple Choice

Which of the following is true about the equilibrium market wage?

• A) All workers are satisfied with the wage.
• B) All employers are satisfied with the wage.
• C) There is no unemployment in the market at the equilibrium wage.
• D) Competitive employers have market power with respect to the equilibrium wage.

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Definitions:

Elevated

Raised or increased in level or amount.

Swelling

An abnormal enlargement or bulging caused by a buildup of fluid or inflammation in tissues or joints.

Abdominal Muscles

A group of muscles located in the abdomen that supports the trunk, allows movement, and holds organs in place.

Weakened Patient

A patient whose physical or mental strength is significantly less than normal, possibly due to illness or old age.