6. Contrasting labor union laws in two statesConsider two hypothetical states that operate under different laws governing labor unions.The following graph shows the labor market in a state in the West. Initially, the market-clearing wage in this state is $8.00 per hour.Now, suppose that the General Assembly in this western state passes a law that makes it easier for workers to join a union. Through collectivebargaining, the union negotiates an hourly wage of $10.00.Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph.WAGE (Dollars per hour)16141210842SupplyDemandGraph Input ToolMarket for LaborWage(Dollars per hour)Labor Demanded(Thousands ofworkers)2.001,400Labor Supplied(Thousands ofworkers)?200 WAGELABORDemandWorkers in the western state employed at the union wageWhich of the following groups are better off as a result of the union action in the western state? Check all that apply.Workers who find new jobs in the eastern stateEmployers in the western stateAll workers in the western stateDemanuSupply

Unemployed is the difference between number of workers supplied and number of workers demanded at…

WAGE LABOR Demand Workers in the western state employed at the union wage Which of the following groups are better off as a result of the union action in the western state? Check all that apply. Workers who find new jobs in the eastern state O Employers in the western state Dellanu Supply

WAGE LABOR Demand Workers in the western state employed at the union wage Which of the following groups are better off as a result of the union action in the western state? Check all that apply. Workers who find new jobs in the eastern state O Employers in the western state Dellanu Supply

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

6. Contrasting labor union laws in two states
Consider two hypothetical states that operate under different laws governing labor unions.
The following graph shows the labor market in a state in the West. Initially, the market-clearing wage in this state is $8.00 per hour.
Now, suppose that the General Assembly in this western state passes a law that makes it easier for workers to join a union. Through collective
bargaining, the union negotiates an hourly wage of $10.00.
Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph.
WAGE (Dollars per hour)
16
14
12
10
8
4
2
Supply
Demand
Graph Input Tool
Market for Labor
Wage
(Dollars per hour)
Labor Demanded
(Thousands of
workers)
2.00
1,400
Labor Supplied
(Thousands of
workers)
?
200

WAGE
LABOR
Demand
Workers in the western state employed at the union wage
Which of the following groups are better off as a result of the union action in the western state? Check all that apply.
Workers who find new jobs in the eastern state
Employers in the western state
All workers in the western state
Demanu
Supply

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