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mariasmakatof mariasmakatof
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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). One result is

▸ a decrease in employment of 40 workers.

▸ an increase in employment of 20 workers.

▸ a decrease in employment of 20 workers.

▸ an increase in employment of 40 workers.

▸ a decrease in employment of 60 workers.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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edatayedatay
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A year ago
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mariasmakatof Author
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A year ago
Thanks for your help!!
GeorgeNeist
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Yesterday
Brilliant ツ
Lawson1981
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2 hours ago
You make an excellent tutor!
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