If a Union Succeeds in Shifting the Labour Supply Curve

question 26

Multiple Choice

If a union succeeds in shifting the labour supply curve to the left,it can achieve wages above the

• A)equilibrium level without affecting employment.
• B)equilibrium level and an increase in employment.
• C)competitive level and all workers will gain.
• D)competitive level without a pool of unemployed workers seeking to work at the higher wage.
• E)competitive level but will reduce the level of employment.

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Definitions:

Marginal Cost

The cost incurred by producing one additional unit of a product or service, which can vary depending on the level of production.

Same Product

Refers to goods or services that are identical in features, quality, and performance, providing no substantial difference to consumers.

Discriminating

The practice of unjustly distinguishing and treating individuals differently based on characteristics such as race, gender, or age.

Welfare of Society

A measure of the overall well-being and quality of life of the population, encompassing economic, social, and environmental dimensions.