3.5 According to Borjas (2003), immigration into the United States increased the labor supply of working men

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3.5 According to Borjas (2003), immigration into 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-anddemand diagram and label the axes to illustrate what happened.

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Microeconomics

ISBN: 9780133456912

7th Edition

Authors: Jeffrey M. Perloff

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