Ask Question
BusinessBusiness
13 August, 17:47

If a union raises the wage in its industry above equilibrium then there is an increase in

+1
Answers (1)
  1. 13 August, 17:50
    0
    A union is a worker association that bargains with employers over wages, benefits, and working condition.

    If a union raises the wage in its industry above equilibrium then there is an increase in the quantity of labor supplied and reduce in the quantity of labor demanded. This results in unemployment.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If a union raises the wage in its industry above equilibrium then there is an increase in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When an advertiser seeks to create demand for a product category in general, this is known as a. selective demand stimulation. b. primary demand stimulation. c. latent demand stimulation. d. elastic demand stimulation.
Answers (1)
To more fully capture mobile's contribution to a sale, advertisers need to consider what?
Answers (1)
A firm using the perpetual inventory method returned defective merchandise costing P2,000 to one of its suppliers. The entry to record this transaction will include a debit to a. Accounts Receivable. b. Inventory. c. Purchase Returns and Allowances.
Answers (1)
Which type of leadership has the utmost capability to stimulate productive discussions among group members?
Answers (1)
Wood and glass used to create frames for customers. The owner's experience in seeking out the best wood and glass suppliers. Specialized equipment for cutting wood and assembling frames. The computer used to manage inventory and purchase orders.
Answers (1)
New Questions in Business
How do I get a job at age 14?
Answers (2)
Candace just purchased a certificate of deposit at her local bank with a stated rate of 5.3%. Candace has had BA3500 so she knows that the real rate the CD is paying is 3.1%.
Answers (1)
Symon's Suppers Co. has announced that it will pay a dividend of $4.39 per share one year from today. Additionally, the company expects to increase its dividend by 4.2 percent annually. The required return on the company's stock is 11.4 percent.
Answers (1)
If soybean farmers know that the demand for soybeans is inelastic, in order to increase their total revenues they should a. use more fertilizers and weed killers to increase their yields. b. plant additional acres to increase their output. c.
Answers (1)
Baker's Financial Planners purchased seven new computers for $970 each. It received a 20% discount because it purchased more than six and an additional 7% discount because it took immediate delivery. Terms of payment were 3/10, n/30.
Answers (1)
Home » Business » If a union raises the wage in its industry above equilibrium then there is an increase in
Sign Up Forgot Password?