A Union Leader Told Its Membership That a Wage Increase,while

question 51

Multiple Choice

A union leader told its membership that a wage increase,while resulting in some layoffs,would nonetheless increase the total incomes of its membership.The firm replied that a wage increase would reduce the total incomes of its membership.We can conclude that:

• A)both the firm and the union believe that labor demand is inelastic,but for different reasons
• B)both the firm and the union believe that labor demand is elastic,but for different reasons
• C)the union believes that labor demand is elastic while the firm believes it to be inelastic
• D)the union believes that labor demand is inelastic while the firm believes it to be elastic

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Definitions:

Evergreens

Trees or shrubs that retain their leaves throughout the year, remaining green and functional across seasons.

Mosses

Small, non-vascular plants that typically grow in dense green clumps or mats, often in damp or shady locations.

Biomes

Large ecological areas on the Earth’s surface, with distinct climates, flora, and fauna, shaped by environmental factors such as temperature and rainfall.

Temperate Deciduous Forests

Forests located in temperate zones characterized by trees that lose their leaves annually.