The definition of market equilibrium states that at the _______________, the quantity of labor demanded by employers will equal the quantity supplied.

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28-06-2022
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The definition of market equilibrium states that at the _______________, the quantity of labor demanded by employers will equal the quantity supplied.

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chilljain33 chilljain33 · Answer 1 · 2022-07-01T12:22:13+02:00

The definition of market equilibrium states that the quantity of labor demanded by employers will equal the quantity supplied at an equilibrium wage.

What is an equilibrium?

The point at which the forces of demand and supply are equal from both the sides, and there is an expression of a perfect competition in the market, such point is known as an equilibrium.

Hence, option B holds true regarding equilibrium.

Learn more about equilibrium here:

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