Question $37$

The table below shows the quantity demanded and supplied in the labor market for economics professors a the IMaStateUniversity, where all the professors belong to a union.

$\backslash$table$[[,$Quantity of$,$Quantity of workers$],[$Annual Salary,$\backslash$table$[[$workers$],[$demanded$]],$supplied$],[,95,20],[$$$50,000,80,30],[$$$60,000,65,40],[570,000,50,50],[$$$80,000,35,60],[$$$90,000,20,70]]$

If no union existed, the equilibrium salary for economics professors will be

$570\mathrm{.}000$

$$80000$

$$90,000$

$$100,000$