With reference to output and substitution effects explain, Business Economics

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With reference to output and substitution effects explain

With reference to output and substitution effects, explain why and how an increase in the wage rate of autoworkers willgenerate a negative employment response in the long run than in theshort run. Assume no changes in prices on non labour input and assumelabour productivity remains constant.

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Business Economics: With reference to output and substitution effects explain

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Business Economics: With reference to output and substitution effects explain

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