If Unions Are Successful in Negotiating a Wage Higher Than

question 45

Multiple Choice

If unions are successful in negotiating a wage higher than the market equilibrium wage,and also guarantee employers that they can hire as many labor hours as they desire per week at the union wage,

• A)the quantity of labor demanded will exceed the quantity supplied at the union wage.
• B)the quantity of labor demanded will equal the quantity supplied at the union wage.
• C)the quantity of labor demanded will fall short of the quantity supplied at the union wage.
• D)all workers who join the union will be guaranteed a job.

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