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1)
Which sentence describes how the labor market is like other markets?
A) Wages are high when both the supply and demand for labor are low.
B) Wages are high when both the supply and demand for labor are high.
C) Wages are high when the supply of labor is high and the demand for labor is low.
D) Wages are high when the supply of labor is low and the demand for labor is high.​

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NeuroTravel

Answer: D) Wages are high when the supply of labor is low and the demand for labor is high.

Explanation:

The labor market refers to the demand for available jobs in the society (number of jobs available) and the supply of jobs needed in a population (people who need a job).

Labor Market= Demand + Supply

When there is high demand (there are many jobs) and little supply (few employees) salaries are higher to attract people to vacant positions.

Demand + supply = Salary.

I hope this information can help you.

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Answer:

the answer is D

Explanation:

hope that helped

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