In Each Case Below,indicate the Effect [Increase (+);Decrease (-);Indeterminate (Ind)]

question 51

Essay

In each case below,indicate the effect [increase (+);decrease (-);indeterminate (ind)] upon equilibrium price (P)and equilibrium quantity (Q)and illustrate the change graphically.Where you believe the effect is indeterminate,two graphical illustrations may be necessary to demonstrate your point.

---

Definitions:

Minimum Wage Laws

Legislation that sets the lowest hourly rate of pay that employers can legally pay their workers, intended to protect employees from unduly low pay.

Scholarly Estimates

Quantitative or qualitative assessments made by academic researchers based on evidence and reasoning in a specific field of study.

American Wage

Refers to the average compensation, including salaries and benefits, received by workers in the United States.

Immigration Effects

The impact of immigration on the economy, labor markets, and society in general.