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The model is commonly applied to wages, in the market for labor.
The typical roles of supplier and consumer are reversed.
The suppliers are individuals, who try to sell ( supply ) their labor for the highest price.
The consumers of labors are businesses, which try to buy ( demand ) the type of labor they need at the lowest price.
As population increase wages fall for any given unskilled or skilled labor supply.
Conversely, wages tend to go up with a decrease in population.

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