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nata0808 [166]
3 years ago
11

At what wage rate will there be excess labor supplied in the market?

Business
2 answers:
Ksivusya [100]3 years ago
6 0
If the wage<span> is free to adjust in response to </span>market<span> forces it </span>will<span> move to We, where the demand for</span>labour<span> equals the </span>supply<span>. When the </span>wage<span> is above We, more </span>labour will<span> be presented for employment than firms in the industry </span>can<span> profitably hire. It </span>will<span> pay workers to lower </span>their wages<span> to obtain employment in the industry.
</span>
choli [55]3 years ago
4 0

Answer:At $25 per hour there will be excess of labor supplied as more laborers are willing to work at high wages but not enough coffee shops are willing to hire at that wage

Explanation: PLATO

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