Given the Information Just Provided,which of the Following Statements Is

Given the information just provided,which of the following statements is true?

A) If wages increased by $1,there would be an excess demand of 7 workers.
B) If wages increased by $1,there would be an excess supply of 5 workers.
C) If wages decreased by $1,there would be an excess demand of 5 workers.
D) If wages decreased by $1,there would be an excess supply of 7 workers.
E) none of the above

Correct Answer:

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