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Demand for Labor in Perfect Competition
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Demand for Labor in Perfect Competition
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15. Markets for the Factors of Production / Demand for Labor in Perfect Competition / Problem 3
Problem 3
What variables are typically represented on the axes of a labor market graph?
A
Price on the vertical axis and quantity of goods on the horizontal axis.
B
Wage on the vertical axis and quantity of workers on the horizontal axis.
C
Interest rate on the vertical axis and quantity of capital on the horizontal axis.
D
Wage on the vertical axis and quantity of goods on the horizontal axis.
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