Respuesta :
The equilibrium wage will rise, and the equilibrium quantity of labor will fall
The equilibrium wage
Because of the emigration of employees from the Northern Minnesota to Southern Canada, the equilibrium salary rates will rise and amount of labor will fall.
This happens because the workers that left have already made a vacuum that will be eager to be served by their employers who will be willing to raise wages for incoming workers to serve two purposes:
- 1. To attract them to work for the company and fill the vacuum
- 2. To try to make sure they survive and not leave another vacuum.
The reason the portion of labour will fall is because of that vacuum produced by the departed workers. It's this drop in labor that will make the equilibrium wages to increase.
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