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Instructions: Enter your answers as a whole number. a. What is the equilibrium daily wage rate and the equilibrium quantity of electricians? The equilibrium wage
Instructions: Enter your answers as a whole number. a. What is the equilibrium daily wage rate and the equilibrium quantity of electricians? The equilibrium wage is $ per day and the equilibrium quantity of labor is Suppose the electricians form a union and negotiate a wage rate of $165. b. What will the new market for electricians look like? The quantity demanded will be workers and the quantity supplied will be c. The new wage will result in a {Clid
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