Indicate which point equilibrium wage and quantity hired

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Reference no: EM131443892

Question: Use the following diagram to answer questions (a) through (i).

Indicate which point could correspond to the equilibrium wage and quantity hired

a. at the initial equilibrium.

b. if the price of the output produced by the labour increased.

c. if the price of the output produced by the labour decreased.

d. with an increase in immigration.

e. with a reduction in the quality of workplace amenities.

f. if worker productivity increased and workers' nonwage incomes increased.

g. if worker productivity decreased and population decreased.

h. if the price of output produced by the labour increased and the number of hours that workers were willing to work increased.

i. if the price of output produced by the labour decreased and workers' nonwage incomes decreased.

Reference no: EM131443892

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