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In your own words, explain why a simple market demand of labor curve and a simple...

In your own words, explain why a simple market demand of labor curve and a simple market supply of labor curve seem to form the letter 'X'. Explain what is happening at the cross of the 'X', or where the labor demand and labor supply curves intersect.

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The simple demand and supply of labor market intersect at X because as the wages rise the demand for the labor decrease and as the wage rises the supply of labor increase. the market forms an equilibrium at the point were the supply and the demand curve meets that forms X, at this point there is no unemployment in the market.

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