When a Union Raises the Wage Above the Equilibrium Level,it

question 45

Multiple Choice

When a union raises the wage above the equilibrium level,it

• A) reduces both the quantity of labor supplied and the quantity of labor demanded,resulting in unemployment.
• B) reduces the quantity of labor supplied and raises the quantity of labor demanded,resulting in unemployment.
• C) raises the quantity of labor supplied and reduces the quantity of labor demanded,resulting in unemployment.
• D) raises both the quantity of labor supplied and the quantity of labor demanded,resulting in unemployment.

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