Answer to Question #236091 in Microeconomics for KAT

Question #236091

Using Walrus’s law, graphically show the equilibrium in labor market?


1
Expert's answer
2021-09-13T12:24:13-0400

Walrus’s law argues that for a state of equilibrium to be observed in the market, for any excess supply or demand in the market there should be a corresponding excess demand or supply to offset the other.





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