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whitywhite11 whitywhite11
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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 demanded shift to Q2?

▸ Because of the implementation of a minimum wage at w1

▸ Because of a shift of demand to D1

▸ Because of the implementation of a minimum wage at w2

▸ Because of a shift of demand to S2
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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rick32rick32
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whitywhite11 Author
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A year ago
this is exactly what I needed
bkrandy
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Yesterday
Just got PERFECT on my quiz
ouasfoudgewu
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2 hours ago
Thanks
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