Other things constant, if a labor union is able to successfully increase the wages of autoworkers, there will be
A) an increase in the supply of automobiles causing the price of automobiles to fall.
B) an increase in the supply of automobiles causing the price of automobiles to rise.
C) a decrease in the supply of automobiles causing the price of automobiles to fall.
D) a decrease in the supply of automobiles causing the price of automobiles to rise.
Correct Answer:
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