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    Exam 17: The Labor Market and the Distribution of Income
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    Explain Why Long-Run Labor Demand Curves Slope Downward Using the Concepts
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Explain Why Long-Run Labor Demand Curves Slope Downward Using the Concepts

Question 84

Question 84

Essay

Explain why long-run labor demand curves slope downward using the concepts of the input-substitution effect and the output effect.

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When the price of labor increases,the fi...

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