The following graph illustrates a labour market. If the market wage rate is currently $5 per hour, what is the equilibrium wage rate likely to be? Wage rate($) 10 9 8 7 6 5 4 3 2 e.7 f.4 1 0 0 SL 1 2 3 4 5 DL 6 7 8 9 10 Quantity of labour a. 3 b.5 c.8 d. it is not possible to say because there are two equilibria

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