Exhibit 12-9 in Exhibit 12-9, the Labor Supply and Labor

Exhibit 12-9 In Exhibit 12-9, the labor supply and labor demand in a unionized labor market is represented by the demand curve D₀ and Supply curve S₀.Which of the market equilibria is the most likely outcome of the union imposing more restrictive licensing requirements?

A) a
B) b
C) c
D) d
E) either a or d