A ______ organization's purpose is to make money by offering products or services.
2 answers:
You might be interested in
Answer:
In the labor market the supply shifts to the right; and the demand remains the same.
Explanation:
Employees offer labor; they supply the labor market. And employers request labor; they demand labor. The labor prices are wages and the quantity is the labor quantity (shown in the figure attached).
First, the labor market was at equilibrium in point A. After the immigrant inflow, there is more people who wants to offer labor, this will lead to an increase in the labor supply. In the labor demand and supply graph, the supply curve will shift to the right. The new equilibrium is represented by point B. There is no change in demand because in the short run immigrants will represent more people who wants jobs, in the long run maybe some of those immigrants will create firms that will demand labor.
