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    Microeconomics Study Set 21
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    Exam 23: Indifference Curve Analysis
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    While Individual Labour Supply Curves May Bend Backward,market Labour Supply
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While Individual Labour Supply Curves May Bend Backward,market Labour Supply

Question 4

Question 4

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While individual labour supply curves may bend backward,market labour supply curves are likely to be upward-sloping throughout,since higher wages induce new workers to enter the labour market.

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