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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.2
What happens to the labor market equilibrium when there is an increase in labor demand?
Equilibrium wage decreases
Equilibrium quantity decreases
Equilibrium wage increases
No effect on labor market equilibrium
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AP Microeconomics - 5.2 Changes in Factor Demand and Factor Supply
Key terms
Labor Market Equilibrium
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About Us
About Fiveable
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Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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