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

question 105

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) .One result is

• A)an increase in employment of 20 workers.
• B)an increase in employment of 40 workers.
• C)a decrease in employment of 20 workers.
• D)a decrease in employment of 40 workers.
• E)a decrease in employment of 60 workers.

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Definitions:

Genomic Imprinting

A genetic phenomenon by which certain genes are expressed in a parent-specific manner, affecting the phenotype of an organism without altering the DNA sequence.

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The genetic makeup of an organism, comprising all the inherited alleles, that determines specific characteristics or traits.

Reaction Range

The genetically determined limits within which an individual's psychological traits can be shaped by environmental factors.

Language Delay

A developmental delay where a child is behind in acquiring language skills compared to their peers.