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30-11-2020
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A shift from labor to equipment is:

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PamelaAndres PamelaAndres

30-11-2020

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In summary, labor supply is the total hours that workers or employees are willing to work at a given wage rate. Changes in income, population, work-leisure preference, prices of related goods and services, and expectations about the future can all cause the labor supply to shift to the right or left.

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