According to Borjas (2003), immigration to the United States increased the labor supply of working men by
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According to Borjas (2003), immigration to the United States increased the labor supply of working men by 11.0% from 1980 to 2000, and reduced the wage of the average native worker by 3.2%. From these results, can we make any inferences about the elasticity of supply or demand? Which curve (or curves) changed, and why? Draw a supply-and demand diagram and label the axes to illustrate what happened.
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Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
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