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Show on our labor market graph the effects of following L* and W *. If the image does not display it is basic labor market
Show on our labor market graph the effects of following L* and W *. If the image does not display it is basic labor market graph. Potential workers read about unfavorable working conditions, long hours, and demand for higher levels of education. Labor demand: decreases, does not shift, increases labor supply: does not shift, decreases, increases equilibrium labor: same and indeterminate, decreases, increases the equilibrium wage: increases, same and indeterminate, decreases
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