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Author Question: The diagram below shows the supply and demand curves in a labour market. We will analyze both ... (Read 29 times)

moore.cailinf

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on: Oct 12, 2022

The diagram below shows the supply and demand curves in a labour market. We will analyze both competitive and monopsonistic outcomes with this diagram.



Figure 14-2

Refer to Figure 14-2. Suppose the labour market is perfectly competitive. If a minimum wage of W5 were then established, the predicted effect would be which one of the following?


◦ Q4 workers would be employed and there would be no unemployment.
◦ Q3 workers would now be employed.
◦ Employment would fall by the amount Q1Q4.
◦ Q2 workers would be employed and unemployment would equal Q2Q3.
◦ Employment would remain the same as in a competitive market.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by moore.cailinf on Oct 12, 2022

bigboya

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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moore.cailinf

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

robbielu01

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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