Assuming the Demand Curve for Labor Does Not Shift,a Given

question 50

Multiple Choice

Assuming the demand curve for labor does not shift,a given inflow of immigrants will lower wages more when

• A) the labor demand curve is more elastic.
• B) the domestic labor supply curve is more elastic.
• C) Both A and B will cause the wage to fall more.
• D) Neither A nor B will cause the wage to fall more.

---

Definitions:

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business, whichever is longer.