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James owns an apple orchard in Illinois, and he hires workers to help harvest the apples. We know that the optimal number of workers James
James owns an apple orchard in Illinois, and he hires workers to help harvest the apples. We know that the optimal number of workers James should hire is based on the workers' productivity and the price that the apples sell for.
Because of an unexpected shift in consumer tastes, demand for apples falls, which results in a sudden decrease in the price of apples. How will this change affect the number of workers that James will hire? On the graph below, depict the outcome by shifting the labor demand curve.
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