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it's an MCQ In reference to Figure 3.4, what are the implications if this market is in 1 pont equilibrium? * In Figure 3.4, the

it's an MCQ

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In reference to Figure 3.4, what are the implications if this market is in 1 pont equilibrium? * In Figure 3.4, the data shows the market for daycare workers in a particular city: (quantity of workers in hundreds) Hourly wage (S) 5.50 6.50 7.50 Quantity demanded Quantity supplied mF O The wage rate would be $5 50 an hour and there would be 200 unemployed daycare workers ) The wage rate would be $6 an hour and there would be no unemployed daycare workers. O The wage rate would be $5 an hour and there would be 400 unemployed daycare workers O The wage rate would be $6.50 an hour and there would be 200 unemployed daycare workers. O The wage rate would be $5 an hour and there would be 1,300 unemployed daycare workers

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