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Illustrate Graphically How the Following Events Are Likely to Affect

question 72

Essay

Illustrate graphically how the following events are likely to affect the equilibrium wage and employment level in a leather factory.
a)An increase in the population of the region where the factory is located,without any change in the demand for leather
b)The establishment of a textile firm in close vicinity that offers higher daily wages than the leather factory offers

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Definitions:

Primary Alkane

Alkanes where the carbon atoms are connected in a straight chain without any branches.

Gasoline

A volatile, flammable liquid made from crude oil or petroleum, used primarily as fuel in internal combustion engines.

Branched Alkane

Hydrocarbons featuring a tree-like structure, where carbon chains deviate from a straight chain due to side chains.

London Force

Weak, temporary van der Waals forces arising from the instantaneous polarization of molecules due to the movement of electrons.

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