Factor Markets
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Economics Q & A Practice
1 of 5 free exam-style exercises in this topic
What is the equilibrium wage and employment level?
Hourly wage
Labour demanded
Labour supplied
$12
900
500
$16
750
750
$20
600
900
Study the visual evidence, then select one option.
A
$16; 750
B
$12; 900
C
$20; 600
D
$20; 900
E
$12; 500
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