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Home Q & A Board Other Fields Homework Help Business Economics
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mregueral mregueral
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A year ago
The table below shows the labour demand and labour supply schedules in a competitive labour market.

Wage Rate
($/hour)		Quantity Demanded
of Labour
(hours/month)		Quantity Supplied
of Labour (hours/month)
101300 500
1210001000
14  8001300
15  4001500
17  2001800

TABLE 14-1

Refer to Table 14-1. If the wage rate is $15 per hour, how many hours per month are supplied to this market but are not actually employed?

▸ 0

▸ 1000

▸ 400

▸ 1100

▸ 1500
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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heathernhullheathernhull
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Posts: 159
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A year ago
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mregueral Author
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Brilliant ツ
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