When a Union Bargains Successfully with Employers,in That Industry

question 15

Multiple Choice

When a union bargains successfully with employers,in that industry,

• A)both the quantity of labor supplied and the quantity of labor demanded increase.
• B)both the quantity of labor supplied and the quantity of labor demanded decrease.
• C)the quantity of labor supplied increases and the quantity of labor demanded decreases.
• D)the quantity of labor demanded increases and the quantity of labor supplied decreases.

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Definitions:

Free Enterprise

An economic system where private business operates in competition and largely free of state control.

Quantity Discount

A reduction in price offered to customers who purchase goods or services in large volumes.

Purchase Order

A written authorization for a supplier to deliver or manufacture a specific quantity of goods at a specified price and terms.

Save-A-Lot

A U.S.-based discount supermarket chain known for offering low prices on groceries and household items.