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Wage Price Index 45 NS 40- NS N 35 - 30- 25 - 20. 15- 10- 5 NO No 0 5 10 15 20 25

Wage Price Index 45 NS 40- NS N 35 - 30- 25 - 20. 15- 10- 5 NO No 0 5 10 15 20 25 30 35 40 Quantity of(N) labor (units) Refer to the figure above. What is the equilibrium wage rate if the labor demand curve is ND2 and the labor supply curve is NS2? $15 $20 $25 $30

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