=+equivalent to a high school diploma. The demand schedule for new hires with le bacand the supply schedule for similarly credentialed new job seekers are given in the accompanying table. The price here—given in euros, the currency used in France—is the same as the yearly wage.

Quantity dema | Quantity suppli nded (new job o | ed (new job see ‘Wage (per year) | ffers pe year) | kers per year) €45,000 200,000 325,000 40,000 220,000 320,000 35,000 250,000 310,000 30,000 290,000 290,000 25,000 370,000 200,000