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Sagot :
As immigration rises, the amount of labor available at equilibrium will rise.
Define equilibrium.
Supply and demand, as well as other economic forces, must be in balance for there to be economic equilibrium, and the values of economic variables must be stable in the absence of outside influences.
Equilibrium is essential for a market to be both efficient and balanced. Given that it is keeping a balance between the amounts supplied and demanded, a market cannot deviate from its equilibrium price and quantity.
Prices become stable when market supply and demand are in equilibrium. Equilibrium is the term for this.
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