At the current starting salary of $18,000 per year, the number of new business school graduates demanded is 100,000 a year and the number supplied is 120,000. Based on this information, you can conclude that Select one: O a. there's a shortage of new business school graduates in the market. O b. the equilibrium wage of business school graduates is more than $18,000 per year. the equilibrium wage of business school graduates is less than $18,000 per year. the labor market for new business school graduates is in equilibrium.
At the current starting salary of $18,000 per year, the number of new business school graduates demanded is 100,000 a year and the number supplied is 120,000. Based on this information, you can conclude that Select one: O a. there's a shortage of new business school graduates in the market. O b. the equilibrium wage of business school graduates is more than $18,000 per year. the equilibrium wage of business school graduates is less than $18,000 per year. the labor market for new business school graduates is in equilibrium.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![At the current starting salary of $18,000 per year, the number of new business school
graduates demanded is 100,000 a year and the number supplied is 120,000. Based on this
information, you can conclude that
Select one:
O a. there's a shortage of new business school graduates in the market.
O b. the equilibrium wage of business school graduates is more than $18,000 per year.
the equilibrium wage of business school graduates is less than $18,000 per year.
O d. the labor market for new business school graduates is in equilibrium.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F10896ab0-adc8-42ef-80d0-b629976ec220%2Fdb95ca7b-4ae4-482a-bb0d-73d7cc50f27c%2Flehyjlc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At the current starting salary of $18,000 per year, the number of new business school
graduates demanded is 100,000 a year and the number supplied is 120,000. Based on this
information, you can conclude that
Select one:
O a. there's a shortage of new business school graduates in the market.
O b. the equilibrium wage of business school graduates is more than $18,000 per year.
the equilibrium wage of business school graduates is less than $18,000 per year.
O d. the labor market for new business school graduates is in equilibrium.
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