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In step "b" the original strands have separated because
Supply Of Labor
The total number of workforce hours available for work in an economy at a given wage rate.
Perfectly Elastic
A situation where the quantity demanded or supplied changes infinitely in response to any change in price.
Marginal Expenditure Curve
A graphical representation that shows the change in total expenditure incurred by purchasing one additional unit of a good or service.
Economic Rent
Amount that firms are willing to pay for an input less the minimum amount necessary to obtain it.
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