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billyhilly billyhilly
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5 years ago

Question 1.

If the labor demand curve shifts to the right and the labor supply curve remains unchanged, what will happen to the equilibrium wage and the equilibrium level of employment? Illustrate your answer with a graph.

Question 2.

If the labor supply curve shifts to the left and the labor demand curve remains unchanged, what will happen to the equilibrium wage and the equilibrium level of employment? Illustrate your answer with a graph.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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JennyyyJennyyy
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5 years ago
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billyhilly Author
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5 years ago
Thanks for your help!!
54321abs
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Yesterday
this is exactly what I needed
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2 hours ago
This site is awesome
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