WAGE RATE (Dollars per worker) The following graph shows the labor market for textile workers. Assume that all firms in the textile industry must hire union workers. The union representing the textile workers enacts a "Buy Union" advertising campaign. The advertising campaign successfully increases the demand for domestically produced textiles (all of which are made by unionized workers). Shift the demand or supply curve on the following graph to illustrate the impact of the union's actions. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. Supply Demand Demand QUANTITY OF LABOR (Thousands of workers) Supply ? As a result, the wage rate for textile workers and the level of employment in the textile industry The following graph shows the labor market for dockworkers. Assume that all shipping firms must hire union-licensed dockworkers. The union increases membership fees sharply, leading to a reduction in union membership, and a corresponding reduction in the number of union-licensed dockworkers available for work in the shipping industry. Shift the demand or supply curve on the following graph to illustrate the impact of the union's actions. WAGE RATE (Dollars per worker) QUANTITY OF LABOR (Thousands of workers) As a result, the wage rate for textile workers and the level of employment in the textile industry The following graph shows the labor market for dockworkers. Assume that all shipping firms must hire union-licensed dockworkers. The union increases membership fees sharply, leading to a reduction in union membership, and a corresponding reduction in the number of union-licensed dockworkers available for work in the shipping industry. Shift the demand or supply curve on the following graph to illustrate the impact of the union's actions. Supply Demand Demand QUANTITY OF LABOR (Thousands of workers) Supply increases As a result, the wage rate for dockworkers and the level of employment in the shipping industry decreases
WAGE RATE (Dollars per worker) The following graph shows the labor market for textile workers. Assume that all firms in the textile industry must hire union workers. The union representing the textile workers enacts a "Buy Union" advertising campaign. The advertising campaign successfully increases the demand for domestically produced textiles (all of which are made by unionized workers). Shift the demand or supply curve on the following graph to illustrate the impact of the union's actions. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. Supply Demand Demand QUANTITY OF LABOR (Thousands of workers) Supply ? As a result, the wage rate for textile workers and the level of employment in the textile industry The following graph shows the labor market for dockworkers. Assume that all shipping firms must hire union-licensed dockworkers. The union increases membership fees sharply, leading to a reduction in union membership, and a corresponding reduction in the number of union-licensed dockworkers available for work in the shipping industry. Shift the demand or supply curve on the following graph to illustrate the impact of the union's actions. WAGE RATE (Dollars per worker) QUANTITY OF LABOR (Thousands of workers) As a result, the wage rate for textile workers and the level of employment in the textile industry The following graph shows the labor market for dockworkers. Assume that all shipping firms must hire union-licensed dockworkers. The union increases membership fees sharply, leading to a reduction in union membership, and a corresponding reduction in the number of union-licensed dockworkers available for work in the shipping industry. Shift the demand or supply curve on the following graph to illustrate the impact of the union's actions. Supply Demand Demand QUANTITY OF LABOR (Thousands of workers) Supply increases As a result, the wage rate for dockworkers and the level of employment in the shipping industry decreases
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:WAGE RATE (Dollars per worker)
The following graph shows the labor market for textile workers. Assume that all firms in the textile industry must hire union workers. The union
representing the textile workers enacts a "Buy Union" advertising campaign. The advertising campaign successfully increases the demand for
domestically produced textiles (all of which are made by unionized workers).
Shift the demand or supply curve on the following graph to illustrate the impact of the union's actions.
Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back
to its original position, just drag it a little farther.
Supply
Demand
Demand
QUANTITY OF LABOR (Thousands of workers)
Supply
?
As a result, the wage rate for textile workers
and the level of employment in the textile industry
The following graph shows the labor market for dockworkers. Assume that all shipping firms must hire union-licensed dockworkers. The union
increases membership fees sharply, leading to a reduction in union membership, and a corresponding reduction in the number of union-licensed
dockworkers available for work in the shipping industry.
Shift the demand or supply curve on the following graph to illustrate the impact of the union's actions.
Transcribed Image Text:WAGE RATE (Dollars per worker)
QUANTITY OF LABOR (Thousands of workers)
As a result, the wage rate for textile workers
and the level of employment in the textile industry
The following graph shows the labor market for dockworkers. Assume that all shipping firms must hire union-licensed dockworkers. The union
increases membership fees sharply, leading to a reduction in union membership, and a corresponding reduction in the number of union-licensed
dockworkers available for work in the shipping industry.
Shift the demand or supply curve on the following graph to illustrate the impact of the union's actions.
Supply
Demand
Demand
QUANTITY OF LABOR (Thousands of workers)
Supply
increases
As a result, the wage rate for dockworkers and the level of employment in the shipping industry
decreases
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