The table below shows the quantity demanded and supplied in the labor market for economics professors. Annual Salary Quantity of workers demanded Quantity of workers supplied $50,000 95 20 $60,000 80 30 $70,000 65 40 $80,000 50 50 $90,000 35 60 $100,000 20 70 Find the equilibrium number of professors employed. Question 2 options:
The table below shows the quantity demanded and supplied in the labor market for economics professors. Annual Salary Quantity of workers demanded Quantity of workers supplied $50,000 95 20 $60,000 80 30 $70,000 65 40 $80,000 50 50 $90,000 35 60 $100,000 20 70 Find the equilibrium number of professors employed. Question 2 options:
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter11: Labor Markets
Section: Chapter Questions
Problem 16SQ
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The table below shows the quantity demanded and supplied in the labor market for economics professors.
|
Annual Salary |
Quantity of workers demanded |
Quantity of workers supplied |
|
$50,000 |
95 |
20 |
|
$60,000 |
80 |
30 |
|
$70,000 |
65 |
40 |
|
$80,000 |
50 |
50 |
|
$90,000 |
35 |
60 |
|
$100,000 |
20 |
70 |
Find the equilibrium number of professors employed.
Question 2 options:
|
20 |
|
|
25 |
|
|
50 |
|
|
70 |
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