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Author Question: Table 4-4 Table 4-4 shows the demand and supply schedules for the low-skilled labor market in the ... (Read 79 times)

charchew

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Table 4-4 







Table 4-4 shows the demand and supply schedules for the low-skilled labor market in the city of Westover. 






Refer to Table 4-4. What is the equilibrium hourly wage (
W*) and the equilibrium quantity of labor (
Q*)?


W* = $9.00; 
Q* = 370,000
W* = $8.50; 
Q* = 380,000
W* = $8.50; 
Q* = 360,000
W* = $9.00; 
Q* = 740,000


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Marked as best answer by charchew on Mar 15, 2019

mcinincha279

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