Question

Suppose the demand function for carpenters is Q=120-W and the supply curve is Q=10+3W-T Where Q...

Suppose the demand function for carpenters is Q=120-W

and the supply curve is Q=10+3W-T

Where Q is the number of carpenters, W is the wage, and T is the test score required to pass the licensing exam. By how much does the equilibrium quantity and wage vary as T increases

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