NEWS WIRE LABOR SUPPLY Thousands of Hopeful Job Seekers Attend Career Fair at Ru

Question

NEWS WIRE LABOR SUPPLY Thousands of Hopeful Job Seekers Attend Career Fair at Rutgers An estimated 3,000 job seekers attended the state's largest career fair Thursday, as economic indicators suggested that the employment picture might be brightening somewhat et the employment pictue The fair, held at Rutgers University, drew mostly young, soon-to-be college graduates. But older workers armed with resumes also visited some of the 174 employers who attended on the university's College Avenue campus in New Brunswick Source: 2012 Patricia Alex/northjersey.com a. If each of the companies at the Rutgers Job Fair was hiring two people, what was the quantity of labor demanded? people b. What was the estimated quantity of labor supplied? people

Explanation / Answer

a) Labour demand = 174*2= 348 people

b) labour supply is equal to 3000 people who attended the job fair for getting a job.

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