What does a new equilibrium position mean, Microeconomics

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What does a new equilibrium position mean

Problem 1: The labor market equilibrium. What does a new equilibrium position mean if demand for labor shifts inwards, explain this effect on the long and short run?

Problem 2: Explain how the wage rate can remain unchanged at the original wage rate.

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Microeconomics: What does a new equilibrium position mean

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Microeconomics: What does a new equilibrium position mean

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