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Unformatted text preview: This is likely to slope upwards. It indicates that both labor of a higher quality and skills are supplied only at a rising rate of wages. Under competition, with a very large number of workers and with less significant personal differences, the supply curve will be highly flexible tending to be a horizontal straight line....
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This note was uploaded on 11/26/2011 for the course ECONOMIC ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10