4.8 Suppose the demand function for carpenters is Q = 100 - w, and the supply curve...
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4.8 Suppose the demand function for carpenters is Q = 100 - w, and the supply curve is Q = 10 + 2w - T, where Q is the number of carpenters, w is the wage, and T is the test score required to pass the licensing exam (which one must do to be able to work as a carpenter). By how much do the equilibrium quantity and wage vary as T increases? M
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Microeconomics Theory And Applications With Calculus
ISBN: 9780135183779
5th Edition
Authors: Jeffrey M. Perloff
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