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10 cards from this deck
Demand for labour based on output it produces, not direct use
Downward - inverse relationship between wage and quantity
Extra workers add less output as more hired with fixed capital
Easy availability of substitutes (capital for labour)
Higher wages make work rewarding, so workers supply more labour
Higher wages let workers maintain standards with fewer hours
Worker supplies less labour at very high wages (income effect wins)
Upward - higher wages attract workers from other industries
Where quantity firms want to employ equals quantity workers supply
Single/dominant employer in market, pays lower wages, hires fewer
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