Multiple Choice
refer to the following information given in the table below. There are initially 28 workers in market A and 63 workers in market B as indicated by the shaded cells. All markets are assumed competitive and there is perfect information and costless migration; jobs in markets A and B are identical in all nonwage aspects.
-After all adjustments to equilibrium take place in this market,the equilibrium wage rate in markets A and B,respectively,are:
A) $8.50; $10.50
B) $9.50; $9.50
C) $10.00; $10.00
D) $$9.50; $11.50
Correct Answer:
Verified
Correct Answer:
Verified
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