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Economics:

10th Edition
BOYES + 1 other
Publisher: Cengage Learning
ISBN: 9781285859460

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BuyFindarrow_forward

Economics:

10th Edition
BOYES + 1 other
Publisher: Cengage Learning
ISBN: 9781285859460
Chapter 19, Problem 6E
Textbook Problem
397 views

Draw two markets, one for skilled workers and one for unskilled workers. If the number of unskilled is rising due to immigration (both legal and illegal) and the demand for skilled workers is rising, what occurs in the two markets?

To determine

To show:

The effect in markets of skilled and unskilled labor when there is an increase in demand for skilled labor and a rise in supply in unskilled labor.

Explanation of Solution

The two markets one for skilled and one for unskilled and the effects in these two markets is as shown below:

The figure a. represents the market for skilled workers and figure b...

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