If the supply curve of labour market is given as S = 4L + 8. What is L when s = 20?
- 2
- 4
- 5
-
3
The correct answer is: D
Explanation
The supply curve of labour market is given as S = 4L + 8. To find the value of L when S = 20, we substitute S = 20 in the equation and solve for L. This gives us L = 3.