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A labor market differs from a product market because A

Economics

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A labor market differs from a product market because

A. in a labor market, firms are suppliers and households are demanders.

B. the usual laws of economics do not apply to labor markets.

C. supply and demand are only relevant for labor markets.

D. supply and demand are only relevant for product markets.

E. in a labor market, firms are demanders and households are suppliers.