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Tuesday, 10 September 2013

If the labour supply curve shifts to the left and the labour demand curve remains unchanged, what will happen to the equilibrium wage and the equilibrium level of employment?



If the labour supply curve shifts to the left and the labour demand curve remains unchanged, what will happen to the equilibrium wage and the equilibrium level of employment?


  • The equilibrium wage will rise and equilibrium employment will fall
     
     

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