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choli [55]
3 years ago
10

Explain how increased immigration affected the market for low-skilled labor. Discuss which curves shifted, and what happened to

price and quantity.
Business
1 answer:
8_murik_8 [283]3 years ago
3 0

Answer:

The supply for low-skilled labor increased making for a decrase in the real real of wages and quantity supplied (hours of work)

Explanation:

As the inmigrant pushed the quantity supplied for low-skilled labor, the price per wages decrease heavily. Also, as there is now so many people working the supply exceed demand by a good margin making the salaries and wages of low-skilled job to decrease.

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AleksandrR [38]

Answer:

if the price increases by 1 percent, the quantity demanded will decrease by 2 percent.

Explanation:

As we know that

Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)

Since the price elasticity of demand is -2 that means the price is increased and the quantity demanded is decreased

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