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Suppose the tabour market is characterized by the following function Ld=100-5W Os-20-9WY 4 where Ld and Ls are demand and supply for labour, and
Suppose the tabour market is characterized by the following function Ld=100-5W Os-20-9WY 4 where Ld and Ls are demand and supply for labour, and Wis the hourly wage rahe Assume government pays a subsidy of $3 per hour of work for each worker. How does this subsidy change the hourly wages? OA. Decreases wages paid by employers by $3.00 OB. Increases wages received by workers by $1.50 OC. Increases wages received by workers by $2.50. OD. Increase wages received by workers by $1.00.
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