Identify the correct statement from the following1 wages, Ask an Expert

Economics

Identify the correct statement from the following.

1. Wages offered for a particular type of job are the same across the country.

2. The labor market usually yields a range of wages rather than a unique equilibrium.

3. Wages exhibit frequent and prompt changes in response to changes in market conditions.

4. The labor market exhibits rapid adjustment to changes in supply or demand conditions.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225338

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