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co 12 Wage rate 0 110 140 150 180200 Units of labor (in millions) Refer to the figure above. If the value people put on

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co 12 Wage rate 0 110 140 150 180200 Units of labor (in millions) Refer to the figure above. If the value people put on their leisure time increases, the equilibrium wage rate: O Could change from $8 to $7 Could change from $8 to $12 Would stay at $12 None of the above

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