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If the average wage raises to 25 per hour average annual

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Among single, college-educated women aged 22 - 25, average annual hours worked is 2,160 and the average wage is $22.50. If the average wage increases to $25 per hour, average annual hours worked increases to 2,340. What is the elasticity of labor supply for this group of workers?

Reference no: EM13460462

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