Exhibit 27-4 ​ Refer to Exhibit 27-4. If a Labor Union Successfully Organizes

question 121

Multiple Choice

Exhibit 27-4 ​

Refer to Exhibit 27-4. If a labor union successfully organizes the labor market and sets the wage rate at W₄, the amount of unemployment in this market will be equal to

• A)Q₄ - Q₃.
• B)zero.
• C)Q₃ - Q₁.
• D)Q₂ - Q₃.
• E)Q₄ - Q₁.

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