(Answered) Suppose the labor and labor supply curves are given by the

Engineering

Suppose the labor and labor supply curves are given by the following equations:

L_D= 100 - 4w

L_s = -10 + W

(a) What is the equilibrium wage and level of employment? Show this graphically.

(b) Suppose immigrants enter and compete in this labor market. The new supply function is L_s = -5 + W. What is the new equilibrium wage and level of employment?

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