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Illustrate Graphically How the Following Events Are Likely to Affect

Question 143

Essay

Illustrate graphically how the following events are likely to affect the equilibrium wage and employment level in a leather factory.
a)An increase in the population of the region where the factory is located,without any change in the demand for leather
b)The establishment of a textile firm in close vicinity that offers higher daily wages than the leather factory offers

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a) An increase in the population of the ...

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