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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.2
Unit 5 – Factor Markets
5.2 Changes in Factor Demand and Factor Supply
mixed difficulty
How does a shortage of labor occur in a factor market?
No effect on labor supply
Above equilibrium wage
Increase in labor demand
Below equilibrium wage
Study guides (1)
AP Microeconomics - 5.2 Changes in Factor Demand and Factor Supply
Key terms
Factor Market
Labor
Shortage
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