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Consider theConsider the graph of a labor market before and after an influx of immigrant workers. What is the effect of the influx on wages
Consider theConsider the graph of a labor market before and after an influx of immigrant workers. What is the effect of the influx on wages in the long run? a.) Wages increase to W subscript E 3 end subscript . b.) Wages decrease to W subscript E 1 end subscript. c.) Wages remain the same. d.) Wages decrease to W subscript E 2 end subscript. graph below. Suppose there is an excess demand for workers in a perfectly competitive labor market. Which answer best describes the resulting effect on wage? a.) The wage rate will rise toward equilibrium (W subscript E). b.) The wage rate will rise above W subscript above. c.) The wage rate will fall below W subscript below. d.) The wage rate will remain at W subscript below
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