Question: Item12 2 points eBookHintReferencesCheck my workCheck My Work button is now disabledItem 12 Use the following diagram to answer the next question. A line graph
Item12 2 points eBookHintReferencesCheck my workCheck My Work button is now disabledItem 12 Use the following diagram to answer the next question. A line graph titled, market depicts a demand and a supply curve intersecting each other.The horizontal axis is labeled employment and the vertical axis is labeled wage rate. A decreasing line, D intersects an increasing line, S. A dotted straight line from each axis connects to the point of intersection, (500, 5) of S and D. Which of the following statements about this market is correct? Multiple Choice At a wage rate greater than $5, more than 500 workers would be employed. At a wage rate less than $5, more than 500 workers would be employed. At a wage rate of $5, the number of workers employed is maximized. Employers would benefit from a higher wage since they could profitably attract more workers
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