If the graph shown is displaying a competitive market and the market is currently offering a wage less than P*:



A. there would be a shortage of workers who want to work at that wage.

B. there would not be unemployment in the market.

C. firms would have a hard time finding employees.

D. All of these statements are true.

D. All of these statements are true.

Economics

You might also like to view...

Which combination is a clear example of "joint products"?

A) Pine paneling and cherry wood B) Cherry wood and cherries C) Cherries and apples D) Apples and crackers

Economics

Which of the following is an aggregate?

A) the number of shoes in one man's closet B) the bushels of apples one farmer sells C) the price of a particular textbook D) the total production of all goods and services

Economics