Which of the Following Does Not Occur in a Competitive

question 13

Multiple Choice

Which of the following does not occur in a competitive equilibrium?

• A) The demand for labor will be perfectly elastic.
• B) The supply of labor will be perfectly elastic.
• C) If there's an increase in the supply of labor,wages will adjust appropriately.
• D) When the supply of labor decreases,the hours worked by individuals will adjust.
• E) When the demand for labor increases,the firms will not adjust the number of workers employed.

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Legal regulations that establish the minimum amount of education that children must receive, typically specifying both the starting age and the minimum number of years.

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