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sperry263 sperry263
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A month 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. If there is downward wage rigidity in the market, what will be the wage rate, everything else remaining unchanged?

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Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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kitty123kitty123
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#1
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A month ago
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sperry263 Author
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A month ago
Correct Slight Smile TY
novae
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Yesterday
You make an excellent tutor!
shimyshiguy
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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