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conrad136 conrad136
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A year ago
The figure below shows labor supply and labor demand curves.




Refer to the figure above. What is the equilibrium wage rate and quantity of labor?

▸ Wage rate = 3.25; Quantity of labor = 4.25

▸ Wage rate = 4.5; Quantity of labor = 3.5

▸ Wage rate = 5; Quantity of labor = 6

▸ Wage rate = 3.75; Quantity of labor = 4.5
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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chanelfargesenchanelfargesen
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A year ago
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