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Please answer and provide an 2. If the Labor Supply Curve for a certain labor market is given by the equation w= 5 + 0.5L, then which of the following statement is correct? a. If the wage increases from $7 to S9, there will be no increase in the number of laborers willing to work in this labor market. b. If the wage is $12, then 15 laborers will be wiling to work in this labor market c. The lowest wage acceptable to the 10h worker in this labor market is $9. d. The lowest wage acceptable to the 8h worker in this labor market is $9. e. If the wage is $10, then 15 laborers will be willing to work in this labor market.explanation

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