Figure 19-2 -Refer to Figure 19-2. This Figure Depicts Labor Demand and Labor

question 116

Multiple Choice

Figure 19-2
-Refer to Figure 19-2. This figure depicts labor demand and supply in a nonunionized labor market. The original equilibrium wage is $10. If a labor union subsequently establishes a union shop and negotiates an hourly wage of $12.50, then there will be an excess

• A)demand of 100 workers.
• B)demand of 300 workers.
• C)supply of 100 workers.
• D)supply of 300 workers.

---

Definitions:

Direct Experience

Knowledge or skill gained through direct involvement in or exposure to events or activities.

Predicting Behavior

The process of forecasting future actions based on past and present information, often employed in psychology and behavioral science.

Significant Others

Individuals who have a significant influence on one's life, often a partner, family member, or close friend.

Perceived Behavioral Control

An individual’s beliefs about whether he or she can actually perform the behavior in question.