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5. The labor supply curve is given by the equation Ly= 3W + 20and the labor demand curve is given by the equation LD= 80

5. The labor supply curve is given by the equation Ly= 3W + 20and the labor demand curve is given by the equation LD= 80 _2W. The equilibrium wage in this labor market is O $10 $12 O $36 O $56 O $80

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