Question: Practice question 1 please 1.Assume that labor demand elasticity < 0 and labor supply elasticity > 0 but small.Explain in words and use a labor

Practice question 1 please

1.Assume that labor demand elasticity < 0 and labor supply elasticity > 0 but small.Explain in words and use a labor market diagram to show the effects of immigration on the receiving country's:

a.GDP

b.Number of native workers

c.Labor income of native workers

d.Number of immigrants

e.Labor income of immigrants

f.Total number of workers

g.Wage rates before and after immigration

h.Income of capitalists/consumers

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