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billyhilly billyhilly
wrote...
Posts: 479
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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Answer verified by a subject expert
JennyyyJennyyy
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Posts: 391
5 years ago
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billyhilly Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Yesterday
Thank you, thank you, thank you!
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2 hours ago
Correct Slight Smile TY
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