Problem 1: lllustrate the effects of a migration flop.T of unskilled workers from the South to the North on two graphs that depict the {downwardsloping) relative demand for skilled to unskilled labor, REEL, and the relative supply of skilled to unskilled labor, 35.91., in the North and in the South. Assume that the North and the South produce one 5good only using skilled labor and unskilled labor. Further, assume that the wage skill premium, 35, in the South is greater than the skill premium in the North: mg wr E } is!\"- s N a} 1iWhat would have been the eEect on the wage skill premium in the North had the relative supply in the North been less elastic? Illustrate and explain. (Hint: Compare a set of graphs with a relatively elastic relative supply in the North, ESE}, and compare to it to a less elastic (steeper) relative supply in the North, RSS3.) b} If training and education take time, then would this imply for the elasticity of the relative supply of skilledtounskilled labor? (Hint: Think about aocess and horn.T people may respond immediately or over a longer time horizon.)