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​Figure 53

Question 4

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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. -The market process ensures that, when all transactions are voluntary, resources get allocated to ​the use where they are valued the most.
-The market process ensures that, when all transactions are voluntary, resources get allocated to ​the use where they are valued the most.

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