There are on average 150 new migrants entering hong kong, Business Economics

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There are on average 150 new migrants entering hong kong

1. There are, on average, 150 new migrants entering Hong Kong from the mainland every day. Use a diagram to explain how this affects the equilibrium wage and quantity of labour in Hong Kong.

2. Substantial foreign capital has been flowing into mainland China since the early 1980s. How has this affected the wages and workers employed in China? Explain with a diagram.

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