Calculate the equilibrium wage rate, the hours worked, and the quantity of unemployment. Use the following data
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Calculate the equilibrium wage rate, the hours worked, and the quantity of unemployment.
Use the following data on the demand and supply schedules of teenage labor to work Problems
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Wage rate (dollars per hour) 6 68a 7 9 Quantity Quantity demanded supplied (hours per month) 2,500 2,000 1,500 1,000 1,500 2,000 2,500 3,000
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