Price of output in purely competitive labor market

When this purely competitive labor market is primarily in equilibrium at D_0L, S_0L, a moving step to equilibrium at D_1L, S_0L would be probably to follow from increases in: (w) imports of this good by foreign competitors. (x) workers’ demands for greater leisure. (y) skill levels required to operate newly adopted technologies. (z) the price of output.

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