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If the supply curve shifts leftward,the:
Labor Market
The labor market is the marketplace in which workers offer their labor for employment and employers seek to hire them, influenced by supply and demand dynamics.
Accountants
Professionals who perform accounting functions such as audits or financial statement analysis; also responsible for bookkeeping.
Wage Rate
The amount of compensation a worker receives per unit of time or output, often expressed per hour or piece.
Price Floor
A government-imposed minimum price above the market equilibrium price, preventing the price of a good or service from falling below this level.
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