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Refer to Figure 11-2. When unions successfully increase the wages of their members, what happens to the supply curve and workers in the union sector?

Refer to Figure 11-2. When unions successfully increase the wages of their members, what happens to the supply curve and workers in the union sector?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Economics

FIGURE 11-2 Wage W₁ N₂ W₂ 4 یا Labour 43 Refer to Figure 11-2. When unions successfully increase the wages of their members, what happens to the supply curve and workers in the union sector? The curve shifts from S₁ to S₂ and workers from L₂ to L₁ lose their jobs. The curve shifts from S₂ to S₁ and workers from L₂ to L₁ lose their jobs The curve shifts from S₁ to S₂ and workers from L3 to L₁ lose their jobs. The curve shifts from S₂ to S₁ and workers from L3 to L₁ lose their jobs.
Transcribed Image Text:FIGURE 11-2 Wage W₁ N₂ W₂ 4 یا Labour 43 Refer to Figure 11-2. When unions successfully increase the wages of their members, what happens to the supply curve and workers in the union sector? The curve shifts from S₁ to S₂ and workers from L₂ to L₁ lose their jobs. The curve shifts from S₂ to S₁ and workers from L₂ to L₁ lose their jobs The curve shifts from S₁ to S₂ and workers from L3 to L₁ lose their jobs. The curve shifts from S₂ to S₁ and workers from L3 to L₁ lose their jobs.
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