select the correct location on the graph. choose the point on the graph that shows the equilibrium wage.
select the correct location on the graph. choose the point on the graph that shows the equilibrium wage.
Answer
Brief Explanations:
In economics, the equilibrium wage is determined at the intersection of the labor - supply and labor - demand curves. On the given graph, this intersection occurs at a wage of $12.
Answer:
The point on the graph where the labor - supply and labor - demand curves cross, corresponding to a wage of $12.