mand for labor must change the equilibrium wage and the value of the marginal product by
the same amount,
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sider some events that shift these curves.
S H I F T S I N L A B O R S U P P LY
Suppose that immigration increases the number of workers willing to pick apples.
As Figure 18-5 shows,
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initial wage W1 ,
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manded. This surplus of labor puts downward pressure on the wage of apple pick-
ers,
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cheapest chi flat iron Principles of Economics(Man
Threaded Mode