A local labor market for lawn-mowing workers is initially in equilibrium. If there is an influx of

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A local labor market for lawn-mowing workers is initially in equilibrium. If there is an influx of low-skill immigrants to the area, which of the following is likely to occur in the market for lawn-mowing workers?

a. Both labor demand and labor supply will decrease, leading to higher wages

b. Both labor demand and labor supply will increase, leading to lower wages

c. Labor demand will decrease, leading to lower wages

d. Labor supply will increase, leading to lower wages

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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 08:52 AM

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A local labor market for lawn-mowing workers is initially in equilibrium. If there is an influx of

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Introduction To Economics Social Issues And Economic Thinking

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