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The following models describe wages for low-skilled labor.p = -0.325x+5.8 demand modelp = 0.375x +3 supply modelwhere p represents the price of labor per hour

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The following models describe wages for low-skilled labor.p = -0.325x+5.8 demand modelp = 0.375x +3 supply modelwhere p represents the price of labor per hour and x is the number of workersavailable in millions. Determine the equilibrium number of workers, in millions,associated with the equilibrium wage per hour.5 million workers @ $4.88 an hour3 million workers @ $4.12 an hour4.5 million workers @ $4.68 an hour4 million workers @ $4.50 an hour

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