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If the Supply of Registered Nurses Is QS = 40w

Question 9

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If the supply of registered nurses is Q<sub>S</sub> = 40w and the demand for registered nurses is Q<sub>d</sub> = 1000 - 10w,find the equilibrium hourly wage (w)the quantity of nurses.Next,find the equilibrium hourly wage the quantity if there is a minimum wage equal to $40.

If the supply of registered nurses is QS = 40w and the demand for registered nurses is Qd = 1000 - 10w,find the equilibrium hourly wage (w)the quantity of nurses.Next,find the equilibrium hourly wage the quantity if there is a minimum wage equal to $40.

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The equilibrium in the first case is fou...

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