Increase in the price of a gross substitute for labor

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Explain how each of the following would affect the demand schedule (curve) in Figure 5.2 (p.136): (a) an increase in the price of a gross substitute for labor, (b) a decrease in the price of a pure complement in production with labor, (c) a decrease in the demand for the product that the labor helps produce.

Reference no: EM13690302

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