what-determines-the-equilibrium-quantity-of-workers-in-a-labor-market

Question

What determines the equilibrium quantity of workers in a labor market?

Accepted Answer

The point where the supply of labor equals the demand for labor.

Answer

The point where the wage rate is highest.

Answer

The point where the supply of labor exceeds the demand for labor.

Answer

The point where the demand for labor exceeds the supply of labor.