When the wage rate paid to labor is below equilibrium: A) the supply of labor increases....

When the wage rate paid to labor is below equilibrium:

A) the supply of labor increases.

B) the demand for labor decreases.

C) the number of workers seeking jobs exceeds the number of jobs available.

D) the number of jobs available exceeds the number of workers seeking jobs.

Expert Solution

When the wages are below the equilibrium then the number of jobs available exceeds the number of workers seeking jobs.The answer is "D".

Rahul Sunny answered 2 years ago

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