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Laurent Laurent
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6 years ago
Union leaders who want to avoid layoffs for their members sometimes negotiate lower wages during recessions. If the wages for unionized workers at bakeries fall, the price of bread falls because
A) bread is an essential food.
B) lower input prices decrease demand.
C) this is a cost-saving technology.
D) lower input prices increase supply.
E) the lower wage was voluntary.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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AryanAryan
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6 years ago
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Laurent Author
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#2
6 years ago
Great answer
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