Question
(see graph atatched) i dont understand how to get the 11% & 3.2% graphed on this would you show me and write instruction on how
(see graph atatched) i dont understand how to get the 11% & 3.2% graphed on this
would you show me and write instruction on how you did it
According to Borjas(2003),immigration into the United States increased the labor supply of working men by11.0%from 1980 to 2000 and reduced the wage of the average native U.S. worker by3.2%.Draw asupply-and-demanddiagram and label the axes to illustrate what happened.
Consider the labor market illustrated in the figure to the right.
1.)Using the line drawingtool,
graph a new labor supply curve. Label this curve
'Upper S squaredS2.'
2.)Using the point drawingtool,
indicate the new market equilibrium wage and employment level. Label this point
'e 2e2.'
Carefully follow the instructionsabove,and only draw the required objects.
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