Wages would fall as the number of workers available grows. Landowners in Louisiana will earn more rent as the demand for land increases.
What is the law of demand and supply?
The law of supply and demand is still in effect:
Wages: when the amount supplied increases, but the quantity required does not, the price falls.
When the quantity required increases without the quantity supplied increasing, the price rises.
Thus, Wages would fall as the number of workers available grows.
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