Q
If the real wage is too high in the labour market ?
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A
A. The quantity demanded of labour is higher than the quantity supplied
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B
B. The quantity demanded of labour equals the quantity supplied
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C
C. The quantity demanded of labour is lower than the quantity supplied
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D
D. It will automatically adjust in the short run to bring equilibrium
Correct Answer:
B. B. The quantity demanded of labour equals the quantity supplied
