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05-19-2011, 06:56 AM
mand for labor must change the equilibrium wage and the value of the marginal product by
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the same amount,cheap Jimmy Choo Shoes (http://www.shoesofdior.com/jimmy-choo-shoes/85-jimmy-choo-patent-platform-slingback-palladium.html), because these must always be equal. To see how this works,Jimmy Choo Frost Mirror Sandals silver (http://www.shoesofdior.com/jimmy-choo-shoes/83-jimmy-choo-frost-mirror-sandals-silver-.html), let's con-
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,plus size true religion jeans (http://www.jeansoutlettruereligion.com/10-straight-leg), the supply of labor shifts to the right from S1 to S2. At the
initial wage W1 ,christian dior shoes for women (http://www.shoesofdior.com/), the quantity of labor supplied now exceeds the quantity de-
manded. This surplus of labor puts downward pressure on the wage of apple pick-
ers,cheapest chi flat iron (http://www.chihairflat.com/18-chi-flat-iron), and the fall in the wage from W1 to W2 in turn makes it profitable for firms to