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

Wage Price Index 45 NS VS 40 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 employment if the labor demand curve is ND1 and the labor supply curve is NS1? 10 15 20

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