Figure 12-3 Refer to Figure 12-3. This Figure Depicts Labor Demand and Labor

question 12

Multiple Choice

Figure 12-3
Refer to Figure 12-3. This figure depicts labor demand and supply in a nonunionized labor market. The original equilibrium is at point A. If a labor union subsequently establishes a union shop and negotiates an hourly wage of $20, then the employment level

• A) increases from 6,000 to 10,000.
• B) increases from 3,000 to 10,000.
• C) decreases from 10,000 to 3,000.
• D) decreases from 6,000 to 3,000.

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Definitions:

Farmer

An individual engaged in agriculture, raising living organisms for food or raw materials.

Refuses to Comply

The act of not agreeing to follow a request, rule, or order.

Ten or More Employees

A reference to a business or organization that has a workforce of ten or more individuals, often used in legal and regulatory contexts to determine applicability of certain rules.

Conceals Property

The act of intentionally hiding or obscuring ownership or the location of items to prevent their discovery or recovery, often for unlawful purposes.