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

question 87

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 who wish to work at the new wage is

• A)400.
• B)440.
• C)780.
• D)840.
• E)1000.

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