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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 an increase in labor supply affect the labor market equilibrium?
Shifts the supply curve left
Shifts the demand curve
Shifts the supply curve right
No effect on equilibrium position
Study guides (1)
AP Microeconomics - 5.2 Changes in Factor Demand and Factor Supply
Key terms
Labor Market Equilibrium
Labor Supply
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