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1. Describe the process by which the market for capital and the market for labor reach equilibrium. 2. What happens to each if demand for

1. Describe the process by which the market for capital and the market for labor reach equilibrium.

2. What happens to each if demand for the final product were to increase? Why?

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1 The market for capital and the market for labor reach equilibrium by very much the same process th... blur-text-image
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