The Figure Given Below Shows the Demand Curves (D₁ and D₂)and

question 114

Multiple Choice

The figure given below shows the demand curves (D₁ and D₂) and supply curves (S₁ and S₂) of labor in the labor market. Figure: 29.2 Refer to Figure 29.2.At the initial equilibrium (when demand is D₁ and supply is S₁) , the wage rate and labor employment are:

• A)$7 and 20 laborers.
• B)$8 and 30 laborers.
• C)$6 and 50 laborers.
• D)$5 and 20 laborers.
• E)$5 and 10 laborers.

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Definitions:

Continuance Commitment

The level of commitment an employee feels towards their organization due to the costs they associate with leaving it.

Emotional Intelligence

The skill to comprehend, utilize, and control personal emotions constructively to reduce stress, communicate efficiently, connect empathetically with others, surmount obstacles, and resolve conflicts.

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Relationship management involves strategies and practices to maintain, improve, and enhance relationships with clients, customers, and stakeholders.