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-Using the Above Graph, If the Labor Market Is Initially

Question 15

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  -Using the above graph, if the labor market is initially in equilibrium at a wage rate of $8 and suddenly people start to value leisure more highly what will happen in the labor market?
-Using the above graph, if the labor market is initially in equilibrium at a wage rate of $8 and suddenly people start to value leisure more highly what will happen in the labor market?

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