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If the Labour Supply Curve Shifts to the Left and the Labour

question 93

Essay

If the labour supply curve shifts to the left and the labour demand curve remains unchanged, what will happen to the equilibrium wage and the equilibrium level of employment? Illustrate your answer with a graph.
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Definitions:

Variability Between Groups

Describes differences in variance among separate groups or categories in a dataset.

F Ratio

A statistical measure used in analysis of variance (ANOVA) to compare the variance among group means to the variance within groups.

F Test

A statistical test used to determine if there are significant differences between the variances of two or more groups.

ANOVA

Analysis of Variance, a statistical method used to compare the means of three or more samples to determine if at least one of the means is significantly different from the others.

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