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Use a diagram of the labour market to show the effects of the following on (i) wages paid to workers, (ii) the quantity of labour
- Use a diagram of the labour market to show the effects of the following on (i) wages paid to workers, (ii) the quantity of labour supplied, (iii) the quantity of labour demanded, and (iv) the amount of unemployment.
- c) an increase in average hours per worker: (2.5 marks)
- d) a decrease in the minimum wage: (2.0 marks)
- e) an increase in the employment-to-population ratio:
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Managerial Economics And Financial Analysis
Authors: M.S. Bhat, A.V. Rau
1st Edition
9352300211, 978-9352300211
