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djchewinggum djchewinggum
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A year ago
Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market. The labour demand curve is QD = 1000 - 20(w). The labour supply curve is QS = 400 + 40(w). Suppose that a union now successfully organizes the workers at this mall and obtains a wage rate of $11 (but does not affect the demand curve). The number of workers employed after unionization is

▸ 780.

▸ 1000.

▸ 400.

▸ 880.

▸ Not determinable from the information provided.
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Microeconomics

Microeconomics


Edition: 17th
Author:
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karatinskaratins
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A year ago
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