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Consider the following labour market: QDL =70-2W QSL = 10 + 4W Calculate the equilibrium level of wage rate and level of employment. Calculate the

Consider the following labour market: QDL =70-2W QSL = 10 + 4W Calculate the equilibrium level of wage rate and level of employment. Calculate the level of unemployment if the price floor (minimum wage) is set at $15.

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