If a Union Is Able to Decrease the Supply of Workers

question 333

Multiple Choice

If a union is able to decrease the supply of workers in a competitive labor market but the union cannot affect the demand for its members' labor, then

• A) wages and the quantity of labor hired will both increase.
• B) wages will increase but the quantity of labor hired will decrease.
• C) wages will decrease but the quantity of labor hired will increase.
• D) wages and the quantity of labor hired will both decrease.

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Definitions:

Social Interactions

The exchange between two or more individuals, which may involve communication, mutual influence, and the sharing of experiences.

Dialoguer

A person engaged in a dialogue or conversation, aiming for mutual understanding and sharing of perspectives.

Arguer

A person who presents reasons to support or oppose an idea or issue in a discussion or debate.

Persuade

The act of convincing someone to do or believe something through reasoning or argument.