Which of the Following Will Make the Cutback in Union

question 31

Multiple Choice

Which of the following will make the cutback in union labor for a given wage increase smaller?

• A) an increase in the number of substitutes for union labor
• B) an increase in the elasticity of demand for the product that labor produces
• C) a decrease in the elasticity of demand for the product that labor produces
• D) an increase in the total revenue for the product that labor produces
• E) a decrease in the total revenue for the product that labor produces

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Definitions:

Gastric Lipase

An enzyme secreted by the stomach that plays a critical role in the digestion of dietary fats.

Stomach

A hollow organ in the gastrointestinal tract that secretes gastric juices aiding in the digestion and breaking down of food.

Coronary Ligament

Peritoneal reflection from the liver to the diaphragm at the margins of the bare area of the liver.

Liver

A vital organ located in the upper right portion of the abdomen involved in numerous functions including detoxification, protein synthesis, and digestion.