Homework answers / question archive / The demand for labour and supply of labour in a certain industry are given by the equations (10 Marks) ND = 400 - 2w NS = 240 + 2w Where: ND (is the number of workers employers want to hire) NS (is the number of people willing to work, and both demand and supply depend on the real wage w which is measured in dollars per day) Required: 1

The demand for labour and supply of labour in a certain industry are given by the equations (10 Marks) ND = 400 - 2w NS = 240 + 2w Where: ND (is the number of workers employers want to hire) NS (is the number of people willing to work, and both demand and supply depend on the real wage w which is measured in dollars per day) Required: 1

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The demand for labour and supply of labour in a certain industry are given by the equations (10 Marks) ND = 400 - 2w NS = 240 + 2w Where: ND (is the number of workers employers want to hire) NS (is the number of people willing to work, and both demand and supply depend on the real wage w which is measured in dollars per day) Required: 1. Find employment and real wage in the labour market equilibrium