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Practical Exercise 1:
Assume the demand for teachers (Ld) in a school is given by the following equation: W = 1700 - 2LD and the supply of teachers (LS) depends on whether the school is a public school or private school:
Public School Supply: W = 4LS + 800
Private School Supply: W = 4LS + 500
The book answers are as follows:
BOOK ANSWER:
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