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Posts: 147
2 months ago
Which of the following summarizes the impact of immigration growth on the labor market?

• This will increase the labor supply, reduce the equilibrium wage and increase the quantity of labor demanded.

• There will be an increase in the demand for labor. As a result, the wage rate will rise and the quantity of workers supplied will decrease.

• There will be an increase in the demand for jobs. This will result in an increase in the equilibrium wage rate and a movement along the labor supply curve.

• There will be an increase in both the demand for labor and the supply of labor. As a result, the equilibrium wage will not change.
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Microeconomics
Edition: 7th
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wrote...
Posts: 175
2 months ago
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This will increase the labor supply, reduce the equilibrium wage and increase the quantity of labor demanded.
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2 months ago
This helped my grade so much
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2 months ago
Perfect
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