Question

In: Economics

In a labor market graph, _____ is measured on the vertical axis, and _____ is measured...

In a labor market graph, _____ is measured on the vertical axis, and _____ is measured on the horizontal axis.

product price; number of workers

number of workers; product price

wage; hours of labor

hours of labor; wage

Solutions

Expert Solution

The labor market graph shows the relationship between the wages of labor and the hours of labor. The wages are measured on the vertical axis and the hours of labor on the horizontal axis. Therefore, the correct answer is 'Option C'.

Rahul Sunny answered 1 year ago
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