If the wage rate in the figure below is originally pegged at $16, with 3000 unemployed workers, wage competition will eventually cause the level of employment to shift to:
A)3,000.
B)5,000.
C)6,000.
D)10,000.
E)none of the above.

Question

If the wage rate in the figure below is originally pegged at $16, with 3000 unemployed workers, wage competition will eventually cause the level of employment to shift to: 
A)3,000. 
B)5,000. 
C)6,000. 
D)10,000. 
E)none of the above.

Quizplus · Accepted Answer

The Answer of If the wage rate in the figure below is originally pegged at $16, with 3000 unemployed workers, wage competition will eventually cause the level of employment to shift to: 
A)3,000. 
B)5,000. 
C)6,000. 
D)10,000. 
E)none of the above.

If the Wage Rate in the Figure Below Is Originally