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The City Pub is about to open its doors. The last step is to hire bartenders. If the labor market is in equilibrium, then based
The City Pub is about to open its doors. The last step is to hire bartenders. If the labor market is in equilibrium, then based on the table below, what daily wage will the City Pub pay to its bartenders? Quantity Demand and Quantity Supply for Bartenders Daily Wage Quantity demanded per day (in thousands) Quantity supplied per day (in thousands) $300 85 25 $325 70 40 $350 55 55 $400 40 70 $550 35 85 Provide your answer below
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