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    Microeconomics Study Set 17
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    Exam 5: Using Economics to Understand the World Around You
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    ​Figure 53
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​Figure 53

Question 55

Question 55

True/False

​Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market. ​Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market.   -Scarcity impels an individual to make choices.
-Scarcity impels an individual to make choices.

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