Question

2. If the supply of workers and demand for workers is at an equilibrium, which of the following statements is true? The higher the wage for a job, the more people are attracted to it. There is no pressure to raise or lower wages. Workers are paid according to the value of what they produce. The supply of labor is higher than the demand for labor.

Answer 1

If the supply of workers and demand for workers is at an equilibrium, there is no pressure to raise or lower wages. Therefore, the correct statement is: "There is no pressure to raise or lower wages."