Indicate which point could equilibrium wage

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Reference no: EM131443314

Question: Indicate which point could correspond to the equilibrium wage and quantity hired

a. at the initial equilibrium.

b. if the price of the output produced by the labor increased.

c. if the price of the output produced by the labor decreased.

d. if worker productivity increased and workers' nonwage incomes increased.

e. if worker productivity decreased and population decreased.

f. if the price of output produced by the labor increased and the number of hours workers were willing to work increased.

g. if the price of output produced by the labor decreased and workers' nonwage incomes decreased.

Reference no: EM131443314

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