Figure 9.2 represents the U.S. labor market. Assume that labor and capital are the only factors of production. Also assume the initial supply schedule of labor is denoted by S? and consists entirely of native U.S. workers. The demand schedule of labor is denoted by D?.
Figure 9.2. U.S. Labor Market

-Consider Figure 9.2.If Mexican migration to the United States results in the labor force increasing to 3 workers,denoted by schedule S?,the:

Question

Figure 9.2 represents the U.S. labor market. Assume that labor and capital are the only factors of production. Also assume the initial supply schedule of labor is denoted by S? and consists entirely of native U.S. workers. The demand schedule of labor is denoted by D?.
Figure 9.2. U.S. Labor Market
 
-Consider Figure 9.2.If Mexican migration to the United States results in the labor force increasing to 3 workers,denoted by schedule S?,the:

Quizplus · Accepted Answer

When the labor force increases due to migration, the supply of labor increases, leading to a decrease in the wage rate. As labor becomes cheaper, capital owners benefit from lower labor costs, increasing their payments.

Figure 92 Represents the U