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  • 14-03-2024
  • Business
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In a particular labor market, the demand for labor is given by W=20-((1)/100)L , and the supply of labor is given by W=4+((1)/100)L , where W is the wage rate, and L is the number of workers. Supp

a) upward-sloping
b) downward-sloping
c) perfectly elastic
d) perfectly inelastic

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