Depict the equilibrium, Assume that the supply of labor to

Depict the equilibrium

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Reference no: EM131090605

Assume that the supply of labor to some industry is inelastic at Es, and that the industry has a standard, negatively sloped labor-demand curve.

a) Depict the equilibrium.

b) Now suppose that the government mandates that every employer must pay each worker's health insurance premiums, $p. What is the effect of this policy?

Reference no: EM131090605

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