The law of supply and demand suggests that laws limiting immigration into the United States will raise real wage rates here.

Question

Quizplus · Accepted Answer

The law of supply and demand states that when the supply of a good or service is restricted, the price for that good or service increases. Therefore, if the number of immigrant workers in the United States is limited, the supply of labor will decrease, which will lead to an increase in wage rates for the remaining workers. This is because there will be less competition for available jobs, and employers will have to pay higher wages to attract workers.

The Law of Supply and Demand Suggests That Laws Limiting