When a union bargains successfully with employers, in that industry, a. the quantity of labor demanded increases and the quantity of labor supplied decreases. b. both the quantity of labor supplied and the quantity of labor demanded decrease. c. both the quantity of labor supplied and the quantity of labor demanded increase. d. the quantity of labor supplied increases and the quantity of labor demanded decreases.

Question

Declan Benson

Business

19 July, 21:16

When a union bargains successfully with employers, in that industry, a. the quantity of labor demanded increases and the quantity of labor supplied decreases. b. both the quantity of labor supplied and the quantity of labor demanded decrease. c. both the quantity of labor supplied and the quantity of labor demanded increase. d. the quantity of labor supplied increases and the quantity of labor demanded decreases.

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Answers (1)

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Haylee Roberson · Answer 1

The correct answer is letter "D": the quantity of labor supplied increases and the quantity of labor demanded decreases.

Explanation:

The action taken by employees when they get together in order to negotiate with employers about work conditions and benefits such as payments, hours of labor, insurance policies, among others, is called a collective bargain. As a result, as both employees and employers come to an arrangement, employers supply more jobs causing the rate of labor to be diminished.