Purely competitive labor market is firstly in equilibrium

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When this purely competitive labor market is firstly in equilibrium at D_0L, S_0L, a move to equilibrium at D_1L, S_0L would be inconsistent along with increases in: (w) the price of output. (x) labor productivity. (y) workers’ increased willingness to give up leisure for extra income. (z) the numbers of firms in industries hiring labor through this market.

1095_Labor Market Equilibria.png

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