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nisha nisha
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A year ago
The following figure shows wage versus labor supply.




Refer to the figure above. Assume that the labor market initially clears at point C. Why might the quantity of labor supplied shift to Q2?

▸ Because of the implementation of a minimum wage at w1

▸ Because of a shift in the supply of labor to S2

▸ Because of a shift of the demand for labor to D1

▸ Because of a shift of the demand to D1 and a shift of the supply to S2
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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lpantslpants
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A year ago
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nisha Author
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A year ago
Helped a lot
hpascoe
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Yesterday
Thanks
gage
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2 hours ago
Good timing, thanks!
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