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A professor points to a blackboard with a labor market graph and economic terms, lecturing students in a classroom.

A professor points to a blackboard with a labor market graph and economic terms, lecturing students in a classroom.
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Be concise and conversational for the entirety of this chat. This chat is discussing and explaining the labor market in the context of supply and demand at a college freshman principles of microeconomics class level. (Throughout the discussion cover things that may shift supply or demand, also why the demand curve is downward sloping and why the supply curve is upward sloping (cover diminishing marginal benefit and increasing marginal cost when discussing this), cover general determinants of demand like geographic, cultural, technological, demographic, or personal preference factors) Also possibly cover other oddities that may arise that are specific to the labor market. Begin with a general introduction to kickstart the discussion. See more

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