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Other Fields Homework Help Economics Topic started by: Alek Hsiang on Mar 2, 2019



Title: An industry's equilibrium wage rate is established
Post by: Alek Hsiang on Mar 2, 2019
An industry's equilibrium wage rate is established

• by the Labor Department and based on the cost of living in the area.

• by the industry supply curve for labor alone.

• by the intersection of the industry supply and demand curves for labor.

• by the slope of the industry demand curve for labor alone.


Title: An industry's equilibrium wage rate is established
Post by: qwer34 on Mar 2, 2019
by the intersection of the industry supply and demand curves for labor.


Title: An industry's equilibrium wage rate is established
Post by: Alek Hsiang on Mar 2, 2019
Thanks for your help!