The diagram illustrates a labour market. $X$ represents the original equilibrium. A trade union secures a minimum wage of $W$, and the government limits the supply of immigrant labour. What is the new equilibrium?
Economics 0455 · IGCSE · Workers
The diagram illustrates a labour market. $X$ represents the original equilibrium. A trade union secures a minimum wage of $W$, and the government limits the supply of immigrant labour. What is the new equilibrium?