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Figure 3.2 -In Figure 3.2, If the Market Is in Equilibrium with Is

Question 39

Multiple Choice
Figure 3.2
 
-In Figure 3.2, if the market is in equilibrium with 30 workers at a wage rate of $15 per day, which of the following must be the corresponding labor supply and demand curves?
A) S<sub>1</sub> and D<sub>1</sub> 
B) S<sub>1</sub> and D<sub>2</sub> 
C) S<sub>2</sub> and D<sub>1</sub> 
D) S<sub>2</sub> and D<sub>2</sub> 
E) Cannot be determined from the information given

Figure 3.2
Figure 3.2    -In Figure 3.2, if the market is in equilibrium with 30 workers at a wage rate of $15 per day, which of the following must be the corresponding labor supply and demand curves? A)  S<sub>1</sub> and D<sub>1</sub> B)  S<sub>1</sub> and D<sub>2</sub> C)  S<sub>2</sub> and D<sub>1</sub> D)  S<sub>2</sub> and D<sub>2</sub> E)  Cannot be determined from the information given
-In Figure 3.2, if the market is in equilibrium with 30 workers at a wage rate of $15 per day, which of the following must be the corresponding labor supply and demand curves?


A) S1 and D1
B) S1 and D2
C) S2 and D1
D) S2 and D2
E) Cannot be determined from the information given

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