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Home Q & A Board Other Fields Homework Help Business Economics
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BrandyBraden BrandyBraden
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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. In a competitive labour market that clears, the equilibrium employment level would be

▸ 1300 units.

▸ 500 units.

▸ 1000 units.

▸ 400 units.

▸ 800 units.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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bodie1980bodie1980
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#1
Posts: 179
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A year ago
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BrandyBraden Author
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A year ago
Just got PERFECT on my quiz
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Smart ... Thanks!
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Correct Slight Smile TY
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