If the real wage is too high in the labour market?

2877EconomicsMedium

AIt will automatically adjust in the short run to bring equilibrium

BThe quantity demanded of labour equals the quantity supplied

CThe quantity demanded of labour is higher than the quantity supplied

DThe quantity demanded of labour is lower than the quantity supplied

Correct answer

B. The quantity demanded of labour equals the quantity supplied

Explanation

The correct answer is The quantity demanded of labour equals the quantity supplied.

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