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ShanitaD220 ShanitaD220
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Posts: 329
5 years ago
Suppose a union successfully negotiates a wage rate for its members that is above the competitive wage rate, then
A) the quantity of labor demanded will be greater than the quantity supplied.
B) the quantity of labor demanded will be less than the quantity supplied.
C) the labor market will be in equilibrium.
D) it is impossible to tell whether or not the labor market will be in equilibrium without more information.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
 B
ShanitaD220 Author
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5 years ago
Marking this solved, moving on to the next...
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