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If the price of labor (i.e. the wage or salary) is for some reason below the market equilibrium what will the labor supply and demand
If the price of labor (i.e. the wage or salary) is for some reason below the market equilibrium what will the labor supply and demand model predict? Select all that apply. Question 12 options: quantity demanded of labor will exceed quantity supplied of labor quantity demanded of labor will be less than quantity supplied of labor an excess supply or surplus of labor will occur an excess demand or shortage of labor will occur
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