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12 questions from this quiz
Responsiveness of labour quantity to wage
Payment exceeding what keeps factor in use
Minimum payment to keep factor in use
Reduce supply due to income effect
Lead to lower supply of labour
Reduces labour supply
Increases supply to an industry
Reduce incentive to work
More inelastic due to training needs
Long run more elastic than short run
Training, education, and migration
£20/hour
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