Examlex
When wages increase,if the substitution effect dominates,the quantity of labor supplied will increase.
Shortage
A situation in which the demand for a product or service exceeds its supply in a market.
Units
Units refer to the individual, standardized quantities of a product or measurement used for counting, assessment, or comparison.
Government Program
A plan or project undertaken by a government to provide public services, address social issues, or achieve economic objectives.
Subsidy
A grant or financial assistance provided by the government or an organization to support a business, market, or economic sector.
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