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​Figure 53

Question 38

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​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. -Sellers are more willing to supply a good or service for which the profit is low than to supply a good or service for which the profit is high.
-Sellers are more willing to supply a good or service for which the profit is low than to supply a good or service for which the profit is high.

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