Scenario 1 Let market demand for domestic workers be represented by Ep = 1,000 - 50w where Ep is domestic labor demanded and w is the hourly wage. Refer to Scenario 1. Suppose instead the domestic labor supply is represented by Es = 112w - 841. And suppose instead that 107 immigrants that are perfect substitutes for native workers enter the market and their labor supply is perfectly inelastic (as with the previous question). What is the equilibrium employment of domestic workers after immigrants enter? Round to the hundredth (two decimal places).

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Scenario 1
Let market demand for domestic workers be represented by Ep = 1,000 - 50w where Ep is
domestic labor demanded and w is the hourly wage.
Refer to Scenario 1. Suppose instead the domestic labor supply is represented by Es = 112w -
841. And suppose instead that 107 immigrants that are perfect substitutes for native workers
enter the market and their labor supply is perfectly inelastic (as with the previous question).
What is the equilibrium employment of domestic workers after immigrants enter? Round to
the hundredth (two decimal places).
Transcribed Image Text:Scenario 1 Let market demand for domestic workers be represented by Ep = 1,000 - 50w where Ep is domestic labor demanded and w is the hourly wage. Refer to Scenario 1. Suppose instead the domestic labor supply is represented by Es = 112w - 841. And suppose instead that 107 immigrants that are perfect substitutes for native workers enter the market and their labor supply is perfectly inelastic (as with the previous question). What is the equilibrium employment of domestic workers after immigrants enter? Round to the hundredth (two decimal places).
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