In the labor market for farm workers:

1. Label clearly the supply and demand curves, S and D.

2. In the text, indicate clearly what side of the market is affected, supply or demand, by underlining or circling the relevant term.

3. Once you decided which side of the market is affected and how, show on the graph the new supply or demand curve, labeling them S' or D', and indicate the new equilibrium price and quantity, pe' and qe'.

5. In the text, fill-in the blank spaces with upward/downward pointing arrows to indicate what happens with equilibrium price and quantity.

On the graph representing the typical American farm:

Label the cost functions.

-In the text, indicate whether the new immigration rules affect the farm's cost functions/demand.

-Show the effect of the tax on the firm's cost functions/demand.

-Indicate the new profit maximizing level of output (q*).

-In the text, Indicate whether the firm make a profit/loss.

-Show the profit/loss on the graph

-In the market for American farm products and in the market for imported farm products:

1. Label clearly the supply and demand curves, S and D.

2. In the text, indicate clearly what side of the market is affected, supply or demand, by underlining or circling the relevant term.

3. In the text, indicate clearly by filling in the space provided, the connection between the markets. Why does the change in the price or quantity of one good affect demand or supply of another good (for example, the goods are substitutes in consumption, or one good is an input in the production of the other, etc.)

4. Once you decided which side of the market is affected and how, show on the graph the new supply or demand curve, labeling them S' or D', and indicate the new equilibrium price and quantity, pe' and qe'.

5. In the text, fill-in the blank spaces with upward/downward pointing arrows to indicate what happens with equilibrium price and quantity.

the demand. Show the effect of the new immigration rules on 1. Mkt. for farm workers. Many farm workers working on US the farm's profit maximizing decision farms are seasonal migrants. The government imposes stricter immigration rules that make it make difficult to travel The rules affects the cost functions/demand (choose one] between countries. The new rules affect supply/demand On the graph. (1] Label the cost functions: (2] Indicate the (choose one]. Show the effect of new immigration rules on new profit maximizing level of output q": ) Show the the US labor market for farm workers. Equilibrium wage profit/loss. equilibrium employment Indicate whether the farm make a profit/loss (choose one) J. Mkit. for American farm products. Aggregating individuals farms' responses, the change in labor market for farm workers affects supply/demand of American farm products because Show the effect of the change immigration rules. Equilibrium price_ equilibrium quantity 4. Mat. for imported farm products. The change in the price of American farm products affect supply/demand of Imported farm products because . . Show the effect of the change in the price of American farm products. Equilibrium price_equilibrium quantity PC