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Firm X would hire 2,000 workers if the wage rate is $15 but will hire 1,500 workers if the wage rate is $18, Firm Y

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Firm X would hire 2,000 workers if the wage rate is $15 but will hire 1,500 workers if the wage rate is $18, Firm Y will hire 3,000 workers if the wage is $20 but will hire 3,300 workers if the wage is $15. Which firm is more sensitive to the change in wage? Explain. (Please show your work in detail to get parts marks)

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