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What generally happens to the equilibrium wage demand for workers is high and supply is low?
Wage goes down.
When is there an equilibrium wage?
When there is no excess in demand for workers and in supply of workers (By Solomon Zelman)
What is the result of a high equilibrium wage?
an extra demand for workers
What is the result of high equilibrium wage?
an extra demand for workers
What is an equilibrium quantity?
It is the amount bought when demand matches supply. When this happens, the items are sold at the equilibrium price.
What generally happens to the equilibrium wage when demand for workers is high and supply is low?
Wage goes down.
What generally happens to the equilibrium wage demand for workers is high and supply is low?
Wage goes down.
What happens to the equilibrium wage when the demand for workers is high and supply is low?
Wage goes down.
What happens when demand for workers is high and supply is low to the equilibrium wage?
Wage goes down.
When is there an equilibrium wage?
When there is no excess in demand for workers and in supply of workers (By Solomon Zelman)
What is the result of high equilibrium wage?
an extra demand for workers
What is the result of a high equilibrium wage?
an extra demand for workers
What happens to equilibrium price of a commodity if there is decrease in its demand and increase in its supply?
Equilibrium price increases
What is an equilibrium quantity?
It is the amount bought when demand matches supply. When this happens, the items are sold at the equilibrium price.
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
Is demand needed in equilibrium?
Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.
What happens to the equilibrium interest rate if the demand for loanable funds shifts to the left?
If the demand for loanable funds shifts to the left, the equilibrium interest rate will decrease.
