Suppose There Is a Competitive Market for Retail Workers at a Large

question 14

Multiple Choice

Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market.The labour demand curve is Q_D = 1000 - 20(w) .The labour supply curve is Q_S = 400 + 40(w) .Suppose that a union now successfully organizes the workers at this mall and obtains a wage rate of $11 (but does not affect the demand curve) .The number of workers employed after unionization is

• A)400.
• B)780.
• C)880.
• D)1000.
• E)Not determinable from the information provided.

---

Definitions:

Assessment Technique

A method or procedure used to evaluate or measure an individual's ability, skill, competence, or characteristic.

T-data

This term is a shortened form for "test data," referring to information collected from psychological tests that aim to measure individual traits, abilities, or attitudes.

Factor-analytic Research

A statistical method used to describe variability among observed variables in terms of a potentially lower number of unobserved variables called factors.

Stable Marriage

A marital relationship characterized by enduring commitment and satisfaction between partners.