Question: Please help me with the following two questions: QUESTION 18 5 points Save Answer Please match the following questions with their answers from the graph.

Please help me with the following two questions:

Please help me with the following two questions: QUESTION 18 5 pointsSave Answer Please match the following questions with their answers from the

QUESTION 18 5 points Save Answer Please match the following questions with their answers from the graph. Bottled Water 0" U'I Supply DJ J: Price (in dollars) 3 -mand I' O O 20 4o 60 so 100 120 140 Quantity At what price do sellers want to sell 100 bottles of water? . A. $4 At what price do sellers want to sell 40 bottles of water? B. $2 v At what price do buyers want to purchase C. $1 100 bottles of water? D. $3 v At what price do buyers want to purchase 70 bottles of water? QUESTION 21 5 points Save Answer Match the following questions with their answers from the graph. Labor Market (for low-skilled jobs) 20 BT 16 14 Supply of Wage (in dollars) job seekers 10 00 Demand for Laborers N O 500 1000 1500 2000 2500 3000 3500 Quantity (of labor-hours) What is the equilibrium wage? How many labor hours do potential workers A. $8 want to work at a wage of about $11 (roughly) B. 2000 How many labor hours do employers want More labor-hours are demanded by employers to employ at a wage of about $4 " than are supplied Any wage below $8 More labor-hours are supplied by potential `workers than are demanded Any wage above $8

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!