In this video we will learn about Labor Market Equilibrium in details with formula and graphs. Labor Market Equilibrium is the state at which labor supply equals labor demand. In addition, if one the none-wage determinant of either labor supply or labor demand changes, will disturb the existing equilibrium and we will move to a new equilibrium point.
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00:00 Introduction
00:11 What is labor market equilibrium?
00:32 How we can show labor market equilibrium in equation?
04:17 How we can show labor market equilibrium in graph?
09:21 Change in labor market equilibrium: Disturbing Equilibrium
15:15 Conclusion
Labor Market Equilibrium: Labor Supply and Demand
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