Initially the market has
Ld = 100000 - w and Ls = 10000 + 2w
This gives
100000 - w = 10000 + 2w
w* = 90000/3 = $30000
It is given that the equilibrium wage will remain unchanged in both cases. Select the first option, wage = $30,000.
equilibrium wage? Question 6 1 points Save Answer Consider the following labor market Labor demand: Lap-...
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