Use the Following Table,which Shows the Supply and Demand Schedules

question 48

Multiple Choice

Use the following table,which shows the supply and demand schedules for workers in the country of Hovian,to answer the following questions:

-The equilibrium wage is

• A) $10.
• B) $20.
• C) $30.
• D) $40.
• E) $50.

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Definitions:

Promotion

An advancement to a higher-level job with increased authority, responsibility, and pay.

Price

The amount of money expected, required, or given in exchange for something else, typically goods or services.

Distribution

Making products available to customers in the quantities desired.