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The Demand and Supply Curves Shown Below Apply to a Competitive

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The demand and supply curves shown below apply to a competitive market for a factor used in the production of widgets. The demand and supply curves shown below apply to a competitive market for a factor used in the production of widgets.   FIGURE 13-2 -Refer to Figure 13-2.This factor market is initially in equilibrium at point B,but changes occur that cause the equilibrium to shift to point D (S curve shifts left) .At the new equilibrium,total factor earnings ________ compared to the initial equilibrium. A) decreased by $30 B) increased by $30 C) remained the same D) increased by $10 E) increased by $330 FIGURE 13-2
-Refer to Figure 13-2.This factor market is initially in equilibrium at point B,but changes occur that cause the equilibrium to shift to point D (S curve shifts left) .At the new equilibrium,total factor earnings ________ compared to the initial equilibrium.


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