Suppose That Wages Paid to Both Factory Workers and Construction

question 90

Multiple Choice

Suppose that wages paid to both factory workers and construction workers in a perfectly competitive factor market is $15 per hour.If the market for factory workers becomes unionized, you would expect:

• A) a decrease in the supply of factory workers.
• B) a decrease in the wage rate for factory workers.
• C) an increase in the wage rate for construction workers.
• D) no change in the wage rate for either factory workers or construction workers.

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