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4. Demonstrate graphically and intuitively why the labor demand curve is downward sloping. (15 points) Output Y3 W1 Y; W}. Y1 L1 L2! iaborLl L2

4. Demonstrate graphically and intuitively why the labor demand curve is downward sloping. (15 points) Output Y3 W1 Y; W}. Y1 L1 L2! iaborLl L2 Labor

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