Scenartot Let market demand for domestic workers be represented by ED = 1,000 - 50w where ED is domestic labor demanded and w is the hourly wage. Reterto Scenario 1. Suppose instead the domestic labor supply is represented by E5 = 87w - 7'50. Now. suppose that 99 immigrants that are perfect substitutes for native workers enter the market and their labor supply is perfectly inelastic. Hint: pertectly inelastic supply means that even it wage is $0.01. all workers with perfectly inelastic supply are willing to work. Another hint: Native workers do not have perfectly inelastic supply. It might help to draw on a supply and demand diagram how the total labor supply curve (which includes both natives and immigrants) might look like now that there are 99 additional workers with perfectly inelastic supply. What is the equilibrium wage for all workers in this market after the immigrants enter {round to the hundredth of a dollar)