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stevengu246 stevengu246
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5 years 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.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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anuja709anuja709
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5 years ago
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stevengu246 Author
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#2
5 years ago
This helped my grade so much
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#3
5 years ago
Perfect
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