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Many unions attempt to raise the hourly wages received by their members by restricting the supply of ...

Many unions attempt to raise the hourly wages received by their members by restricting the supply of workers firms can hire from. Assuming the demand for workers who belong to these unions is inelastic, this would cause:
A) wages of individual union members to decrease and the total (combined) income of union members to increase.
B) wages of individual union members and the total (combined) income of union members to decrease.
C) wages of individual union members to increase and the total (combined) income of union members to decrease.
D) wages of individual union members and the total (combined) income of union members to increase.

Textbook

Economics for Managers

Edition: 3^rd

Author: Farnham

Read 119 times

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Sweet Caroline
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