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Suppose that the market demand for baseball players is perfectly inelastic(vertical) at 75

Suppose that the market demand for baseball players is perfectly inelastic(vertical) at 75

Suppose that the market demand for baseball players is perfectly inelastic(vertical) at 750 players. If the market supply increases due to an income in the number of available international players, show using a graph how wages will change as a result.

Abhinav 05-Dec-2019

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