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The management of a locally produced denim wear manufactures have negotiated with trade unions to increase the wage rate for by 11%. Critically discuss the

The management of a locally produced denim wear manufactures have negotiated with trade unions to increase the wage rate for by 11%. Critically discuss the effect of this increase on the equilibrium price and quantity in the denim industry (ceteris paribus). Use a graph to support your answer. Explanations must be clear and concise

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