When a Union Raises the Wage Above the Equilibrium Level,it

question 37

Multiple Choice

When a union raises the wage above the equilibrium level,it

• A)reduces both the quantity of labor supplied and the quantity of labor demanded.
• B)reduces the quantity of labor supplied and raises the quantity of labor demanded.
• C)raises the quantity of labor supplied and reduces the quantity of labor demanded.
• D)raises both the quantity of labor supplied and the quantity of labor demanded.

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A branch of consequentialism focusing on the consequences of individual actions rather than general rules.