matthewbranch4958 matthewbranch4958

17-06-2024
Business

Answered

The labour supply curve is w = 10 + E and the labour demand curve is w = 50–3E, where E is the level of employment and w is the hourly wage. Assume the market is competitive. Suppose the labour supply curve becomes w = 2 + E due to immigration. Calculate the the equilibrium wage and employment before and after immigration. Are immigrants and native workers complements or substitutes?

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