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Title: The following figure shows the labor demand curve, LD1, and labor supply curve, LS1, in a market. A ...
Post by: sperry263 on Dec 27, 2022
The following figure shows the labor demand curve, LD1, and labor supply curve, LS1, in a market. A month later, the labor demand curve shifts to LD2.




Refer to the figure above. If there is downward wage rigidity in the market, what will be the wage rate, everything else remaining unchanged?

▸ $10

▸ $30

▸ $15

▸ $25


Title: The following figure shows the labor demand curve, LD1, and labor supply curve, LS1, in a market. A ...
Post by: kitty123 on Dec 27, 2022
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