According to Borjas (2003), immigration into the United States increased the labour supply of working men by
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Question:
According to Borjas (2003), immigration into the United States increased the labour supply of working men by 11.0% from 1980 to 2000 and reduced the wage of the average native worker by 3.2%. From these results, can we make any inferences about the elasticity of supply or demand? Which curve (or curves) changed, and why? Draw a supply and demand diagram to illustrate what happened.
Related Book For
Managerial Economics and Strategy
ISBN: 978-0321566447
1st edition
Authors: Jeffrey M. Perloff, James A. Brander
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