The diagram represents a labour market. X marks the initial equilibrium. A trade union secures a minimum wage at $W$, and the government limits the supply of immigrant labour. What is the resulting equilibrium?
Economics 2281 · O Level · Workers
The diagram represents a labour market. X marks the initial equilibrium. A trade union secures a minimum wage at $W$, and the government limits the supply of immigrant labour. What is the resulting equilibrium?