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brettlaw brettlaw
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A year ago
The table below shows the labour demand and labour supply schedules in a competitive labour market.

Wage Rate
($/hour)		Quantity Demanded
of Labour
(hours/month)		Quantity Supplied
of Labour (hours/month)
101300 500
1210001000
14  8001300
15  4001500
17  2001800

TABLE 14-1

Refer to Table 14-1. In this labour market, if the wage rate is $10 per hour, how many hours of labour per month are actually employed?

▸ 0

▸ 1300

▸ 1850

▸ 500

▸ 1000
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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anikamazumderanikamazumder
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#1
Posts: 167
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A year ago
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brettlaw Author
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A year ago
Thanks for your help!!
dri
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Yesterday
Thanks
Mkersey12
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2 hours ago
Brilliant ツ
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