how is the relationship between the wage rate and the quatity of labor supplied?

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Expert Solution

Wage rate depends upon many factors like the type of work,time of work,etc., In simple it stops s determined by the market wage. The relationship between these two things are when the wage rate is high or increased in the market it generally increase the quantity of the labor supply depending upon the wages. This wages or the amount can predict which workers are in a state to work with that particular quoted amount termed yo be labor supply.

Nightingale answered 2 years ago

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