What is the equilibrium wage?
A) $5
B) $7
C) $10
D) $13
E) $15

Name: What is the equilibrium wage? A) $5 B) $7 C) $10 D) $13 E) $15
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Question

Quizplus · Accepted Answer

The equilibrium wage is where the supply of labor equals the demand for labor. Based on the graph, this occurs at a wage of $10. At this wage, there are 8 million workers willing to work and 8 million jobs available. Therefore, choice C is the best answer.

What Is the Equilibrium Wage