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Home Q & A Board Other Fields Homework Help Business Economics
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Melly767 Melly767
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A year ago
The following figure shows the labor demand curve, LD1, and labor supply curve, LS1, in a market. A month later, the labor demand curve shifts to LD2.




Refer to the figure above. What are the equilibrium employment and the wage rate after the demand curve shifts to LD2?

▸ 10 units of labor and $10

▸ 20 units of labor and $35

▸ 5 units of labor and $15

▸ 15 units of labor and $20
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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ladwerladwer
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A year ago
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