Problem 4 Labor Market Consider the following graph, plotting the wage-setting and price-setting curves for an economy: Labour force (before immigration) 100 Wageselting curve (belore immlgration) e Price-setting curve Real wage ($) 0 4 5 6 Employment (millions of workers) Now suppose that there's a large increase in high-skill immigrants entering the country. Assume that the new immigrants all become entrepreneurs and start new businesses, rather than becoming employees. Explain how the labor market equilibrium will be affected