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(All questions apply graph provided) 5. Q5 - Q9 are related to the labour market in Australia. The following graph represents this labour market, where

(All questions apply graph provided)

5. Q5 - Q9 are related to the labour market in Australia. The following graph represents this labour market, where the vertical axis is the wage per hour and the horizontal axis is the number of workers employed (in millions). The equilibrium price (or wage) and equilibrium quantity in the Australian labour market is:

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P Supply 30 25 19.84 Demand 8 12 15

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