The graph at the right shows a competitive market for labour that is initially in equilibrium at point Ep If a monopoly union enters this market and sets a wage of $11, the employment level at this union wage will be nearest whole number.) 18- 16- workers. (Round your response to the 14- 12- Eo 8- 6- According to the diagram, the number of workers who would like to work at the union wage but are unable to find a job in this market is ☐ workers. (Round your response to the nearest whole number) Use the line drawing tool to draw and label the new labour supply curve for the first 30 workers. Carefully follow the instructions above, and only draw the required objects. Wage ($) 10- 4 2- 0+ 5 10 155 15 20 25 Employment 30 35 D S G 40
The graph at the right shows a competitive market for labour that is initially in equilibrium at point Ep If a monopoly union enters this market and sets a wage of $11, the employment level at this union wage will be nearest whole number.) 18- 16- workers. (Round your response to the 14- 12- Eo 8- 6- According to the diagram, the number of workers who would like to work at the union wage but are unable to find a job in this market is ☐ workers. (Round your response to the nearest whole number) Use the line drawing tool to draw and label the new labour supply curve for the first 30 workers. Carefully follow the instructions above, and only draw the required objects. Wage ($) 10- 4 2- 0+ 5 10 155 15 20 25 Employment 30 35 D S G 40
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The graph at the right shows a competitive market for labour that is initially in equilibrium at
point Ep
If a monopoly union enters this market and sets a wage of
$11, the employment level at this union wage will be
nearest whole number.)
18-
16-
workers. (Round your response to the
14-
12-
Eo
8-
6-
According to the diagram, the number of workers who would like to work at the union wage but
are unable to find a job in this market is ☐ workers. (Round your response to the nearest
whole number)
Use the line drawing tool to draw and label the new labour supply curve for the first 30 workers.
Carefully follow the instructions above, and only draw the required objects.
Wage ($)
10-
4
2-
0+
5
10
155
15 20 25
Employment
30 35
D
S
G
40
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