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Graph and explain the following Labor Supply and Labor Demand curve. Ls=-20 +10W Ld= 160-10W Please show example of a rightward shift and leftward shift
Graph and explain the following Labor Supply and Labor Demand curve.
Ls=-20 +10W
Ld= 160-10W
Please show example of a rightward shift and leftward shift LS with graph and equation. Display and explain economic rent in the original equation and in the new equation.
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