A labor market is described by two very simple equations Q_d = 60 - 2W, and Q_s = 3W. A subsidy of $10 is installed such that the new demand equation becomes Q_d = 70 - 2W. What is the total number of new workers that are hired in this labor market?

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The Answer of A labor market is described by two very simple equations Q_d = 60 - 2W, and Q_s = 3W. A subsidy of $10 is installed such that the new demand equation becomes Q_d = 70 - 2W. What is the total number of new workers that are hired in this labor market?

A Labor Market Is Described by Two Very Simple Equations