The figure describes the effect of immigration on unemployment in the labour market. The labour market equilibrium is at A and C before and after the influx of immigration, respectively. Based on this figure, which of the following statements is correct? Real wage 13- Wage-setting curve (before immigration) Wage-setting curve (after immigration) Labour force (before Immigration) Price- setting curve Labour force (after immigration) 4.5 5 5.5 Employment, millions of workers 6 Firms claim a higher markup in the new equilibrium. The unemployment rate is unchanged in the new equilibrium. All incumbent workers are no worse off in the new equilibrium. All incumbent workers are unaffected while the labour market adjusts.

Suppose the demand for the Vietnamese inexpensive products from many countries over the world have increased by about 15 percent even under the Coronavirus pandemic in 2020 (from January through August). Suppose further that the demand for Vietnamese skilled workers by the Vietnamese companies producing new high-tech and advanced products have decreased by about 10 percent in 2020 compared to those in 2019. What has happened to the wage gap between Vietnamese skilled and unskilled workers in 2020? Which of the following is MOST appropriate for an answer? A. The wage gap is most likely to fall. B. It is hard to predict unambiguously how the wage gap changes given above information. C. The wage gap is most likely to rise. D. The wage gap is most likely to be little changed.   Perhaps b and c weren't the answer. Please let me know why the answer you chose is correct.

Show the equilibrium outcome of the wage-setting, price-setting model of the labour market and provide economic intuition for the model

Can you answer this question with a drawing of both diagrams, in a model of the labour market, both isoprofit curve and wage curve, thank you    Use the wage curve and the profit curve to show the equilibrium in a model of the labour market. Explain briefly why this equilibrium implies involuntary unemployment.