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Suppose the graph below shows the local labor market for low wage workers. What is the equilibrium level of employment in this market (in millions)?

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Suppose the graph below shows the local labor market for low wage workers. What is the equilibrium level of employment in this market (in millions)? Wage Rate ($/hour) Labor Market V Supply of Labor Minimum wage W IY X Demand for Labor 1.7 2 2.4 Quantity (Number of Workers, Millions)

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