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Suppose that the wages of group 1 increase by 50% relative to group 2. At the same time, there is a 30% increase in the
Suppose that the wages of group 1 increase by 50% relative to group 2. At the same time, there is a 30% increase in the supply of group 1 relative to group 2.
Assuming we have a perfect substitutes production function, how much SBTC was there (in percentage terms, don't put a % sign below though)
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