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Refer to Figure 14.2. Which of the following can change the equilibrium wage rate from $9 to $6? A) The value people put on their leisure time increases. B) The value of what firms produce increases. C)
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Dec 21, 2023
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Refer to Figure 14.2. Which of the following can change the equilibrium wage rate from $9 to $6?
A) The value people put on their leisure time increases.
B) The value of what firms produce increases.
C) The productivity of workers decreases.
D) The productivity of workers increases.
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The answer is
C) the productivity of workers decreases.
Jokoon
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Dec 28, 2023
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