Refer to the Above Graph,which Shows the Supply and Demand

question 96

Multiple Choice

Refer to the above graph,which shows the supply and demand for unionized manufacturing workers.The initial equilibrium point is point 1.The wages paid in comparable nonunion occupations increase significantly,while at the same time the price of manufactured goods increases.Which point would represent the new equilibrium?

• A) 2
• B) 3
• C) 4
• D) 5

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Definitions:

Multiple Males

A mating system or behavior where a female mates with several males during a breeding season.

Red Deer

A large deer species native to Europe, Asia, and North Africa, known for its reddish-brown fur and large branching antlers in males.

Herd

A social group of certain animals of the same species, typically herbivores, that live, feed, or migrate together.

Fitness

The relative ability of an organism to survive, reproduce, and pass on its genes to the next generation in a particular environment.