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sam3359 sam3359
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A year ago
The figure below shows labor supply and labor demand curves.




Refer to the figure above. If the wage rate is set at $5, how does the quantity of labor demanded relate to the quantity of labor supplied?

▸ The quantity of labor demanded is the same as the quantity of labor supplied.

▸ The quantity of labor demanded is greater than the quantity of labor supplied.

▸ The quantity of labor demanded is less than the quantity of labor supplied.

▸ None of the above are true.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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Aquarius1Aquarius1
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A year ago
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sam3359 Author
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A year ago
You make an excellent tutor!
Mkersey12
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Yesterday
Smart ... Thanks!
jblazah
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2 hours ago
Correct Slight Smile TY
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