A Union Would Be More Effective at Bargaining a Wage

question 4

Multiple Choice

A union would be more effective at bargaining a wage increase for its members:

• A) if the share of labour costs in total costs is greater
• B) if the product demand is less elastic
• C) if the degree of substitutability between labour and capital is greater
• D) if the product demand is less responsive to a wage change.
• E) if the supply of capital.is more elastic

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