We can actually deduce here that from the statement given, if the demand and supply for labor are given in the graph, there will be: A surplus of 6 workers.
What is demand and supply?
Demand actually refers to what customers actually want in the market and how they go for it. While supply refers to the availability of goods and services in the market to meet with the customer's demands.
We can actually see here that demand and supply determine the price of goods and services.
Also, the payment for labour is high, the supply for labour will be high but the demand for labour may likely decrease.
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