The following tables show the demand and supply schedules in U.S. and Canadian labor markets: Canada United

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The following tables show the demand and supply schedules in U.S. and Canadian labor markets: Canada

 QUANTITY QUANTITY DEMANDED SUPPLIED PRICE (MILLIONS) (MILLIONS) $30 2 10 25 4 20 6 15 8 4 10 10 2


United States

The following tables show the demand and supply schedules in


What is the wage differential between Canada and the United States? What kinds of changes (directional) would you expect to occur in both the supply of and demand for labor in both countries?

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