Question: Suppose that the current equilibrium wage in a certain labor market is $ 12 per hour. Mark is currently not employed, but seeking work in
Suppose that the current equilibrium wage in a certain labor market is $ 12 per hour. Mark is currently not employed, but seeking work in that same labor market. However, he is unwilling to accept a wage less than $ 15 per hour. What would economists say about Mark's situation
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