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Define wage rate

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Reference no: EM131443904

Question: The following figure illustrates the market for apple pickers.

313_wage rate.png

a. What is the wage rate paid to apple pickers?

b. How many apple pickers have been hired?

c. If the demand for apples increases, resulting in 100 more apple pickers per day being hired, what would be the new wage rate paid to pickers?

Reference no: EM131443904

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