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The Following Data Shows the Labour Demand and Supply for the Economy

Question 29

Essay

The following data shows the labour demand and supply for the economy of Aimeng:
 The following data shows the labour demand and supply for the economy of Aimeng:     a)What is the equilibrium wage rate,and how many workers would be employed? b)Suppose the wage rate is  \times 300,how many workers would be employed? c)Suppose the wage rate is  \times 900,how many workers would be employed? How many would be unemployed?
a)What is the equilibrium wage rate,and how many workers would be employed?
b)Suppose the wage rate is ×\times 300,how many workers would be employed?
c)Suppose the wage rate is ×\times 900,how many workers would be employed? How many would be unemployed?

Correct Answer:

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a)The equilibrium wage rate is blured image500 and 1...

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