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1.With the help of diagrams, explain how the following events would affect the market equilibrium position for labour demand: a.The number of graduates from universities

1.With the help of diagrams, explain how the following events would affect the market equilibrium position for labour demand:

a.The number of graduates from universities and colleges drop by 40% due to covid 19 (5 marks).

b.The demand for products produced by labour drops by 20% (5marks)

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