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Author Question: Consider a competitive labour market. If, at a particular wage rate, the quantity demanded of labour ... (Read 116 times)

yagurl

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on: Oct 12, 2022
Consider a competitive labour market. If, at a particular wage rate, the quantity demanded of labour is less than quantity supplied of labour, then
◦ the supply curve for labour will shift to the right.
◦ the demand curve for labour will shift to the right.
◦ some workers will begin to accept lower wages and induce employers to hire more workers.
◦ a hidden market for labour will form, with firms offering workers very high wages.
◦ there will be a shortage of labour, thereby increasing the equilibrium wage rate.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by yagurl on Oct 12, 2022

jacquelyngibson

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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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yagurl

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

yeungji

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Reply 3 on: Yesterday
Excellent

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