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    Principles of Microeconomics Study Set 10
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    Exam 19: Earnings and Discrimination
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    Figure 19-7 -Refer to Figure 19-7. the Figure Shows Labor Demand and Labor
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Figure 19-7 -Refer to Figure 19-7. the Figure Shows Labor Demand and Labor

Question 124

Question 124

Short Answer

Figure 19-7 Figure 19-7   -Refer to Figure 19-7. The figure shows labor demand and labor supply in a non-unionized labor market. If the current labor demand is D1 and the current labor supply is S1, what is the equilibrium wage and quantity of labor?
-Refer to Figure 19-7. The figure shows labor demand and labor supply in a non-unionized labor market. If the current labor demand is D1 and the current labor supply is S1, what is the equilibrium wage and quantity of labor?

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