At any wage higher than the equilibrium wage, the quantity of labor supplied _________ the quantity of

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At any wage higher than the equilibrium wage, the quantity of labor supplied _________ the quantity of labor demanded, resulting in a _________ of labor.

a. exceeds; surplus

b. exceeds; shortage

c. is less than; surplus

d. is less than; shortage

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Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

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Question Posted: May 19, 2024 08:01 AM

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At any wage higher than the equilibrium wage, the quantity of labor supplied _________ the quantity of

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Exploring Microeconomics

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