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zoey88943 zoey88943
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9 years ago
explain what happens to supply and demand in the market for labor, if a teacher’s union bargains and receives an increase in their salaries. Now indicate how this affects a nonunion market for labor. Please be sure to include any possible changes to price/wage, quantity and the equilibrium.
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Educator
9 years ago
Please review the attachment and search: "union is formed in an otherwise competitive labour market, it"... It should have plenty of information to answer your question.
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