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

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Royce

Business

13 August, 17:47

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

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Kathy Lester · Answer 1

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.