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askfilo.com
SOLVED: The graph shows the demand for labor curve and supply of labor curve for an economy Draw a point at the equilibrium real wage rate and equilibrium quantity of labor Label it 1.Real wage rate (2009 dollars per hour) 50LSQNow the government imposes a tax on labor income Draw a curve that shows the effect of this tax. Label it Draw points at the new equilibrium quantity of labor to show: 1) the before-tax wage rate. Label it 2. 2) the after-tax wage rate. Label it 3403020-LD100 50150 250 35
SOLVED: The graph shows the demand for labor curve and suppl…
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