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1 Externalities Using a graph, analyze the effects of externalities. Price of Labor (Wage per hour) above bekwv 0 0 Quantity of Labor Price of

1 Externalities
Using a graph, analyze the effects of externalities.
Price of Labor (Wage per hour) above bekwv 0 0 Quantity of Labor Price of Labor (Wage per hour) A Labor Force before immigration S before immigration Labor Force after immigration S after immigration 3 W E3 WEI WEZ D after immigration D before immigration 0 QEI GEZ E3 LF LF2 Quantity of Labor (in millions of workers)

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