Asked by
Kayla Dounseroux
on Nov 16, 2024
Verified
Refer to Figure 19-4. If a union is successful in reducing supply from S1 to S2, the wage will
A) rise from $15 per hour to $18 per hour and 100 fewer people will be employed.
B) rise from $15 per hour to $18 per hour and 200 more people will be employed.
C) fall from $15 per hour to $12 per hour and 100 more people will be employed.
D) fall from $18 per hour to $15 per hour and 200 fewer people will be employed.
Supply Reduction
A decrease in the amount of a good or service that producers are willing to provide, often due to factors like high production costs or regulatory measures.
Union
A worker association that bargains with employers over wages and working conditions.
Employed
The state of having paid work; a person who performs work for wages or salary in a part-time or full-time position.
- Investigate the influence of labor organizations on compensation and employment rates.
Verified Answer
AG
Learning Objectives
- Investigate the influence of labor organizations on compensation and employment rates.