IDNStudy.com, ang iyong mapagkukunan para sa maaasahan at pangkomunidad na mga sagot. Tuklasin ang malawak na hanay ng mga paksa at makahanap ng maaasahang sagot mula sa mga bihasang miyembro ng aming komunidad.

Analyze the problem and answer the question: As of 2017, employment rate of the Philippines is estimated at 94.3%. The labor market is essentially a market where workers (producers) sell their skills to employers (consumers/buyers). Does consumer and producer surplus exist in this market, or is market equilibrium maintained? Explain your opinion using examples.