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

question 20

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 is at point A.If a labor union subsequently establishes a union shop and negotiates an hourly wage of $20,then there will be an excess

• A) supply of 3,000 workers.
• B) demand of 7,000 workers.
• C) supply of 4,000 workers.
• D) supply of 7,000 workers.

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The capacity to perform and understand various mathematical operations and concepts.

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