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The market: Carpenters The hourly wage: $22 per hour. Let's assume that the price of furniture, a good that carpenters produce, increases. What is expected
The market: Carpenters The hourly wage: $22 per hour. Let's assume that the price of furniture, a good that carpenters produce, increases. What is expected to happen in the labor market for carpenters? Group of answer choices the labor supply decreases, putting upward pressure on the wage the labor demand decreases, putting downward pressure on the wage the labor supply increases, putting downward pressure on the wage the labor demand increases, putting upward pressure on the wage
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