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According to Borjas (2003), immigration to the United States increased the labour supply of working men by 11% from 1980 to 2000, and reduced the
According to Borjas (2003), immigration to the United States increased the labour supply of working men by 11% from 1980 to 2000, and reduced the wage of the average native workers 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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