Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market.The labour demand curve is QD = 1000 - 20(w) .The labour supply curve is QS = 400 + 40(w) .Suppose that a union now successfully organizes the workers at this mall and obtains a wage rate of $11 (but does not affect the demand curve) .The number of workers who wish to work at the new wage is
A) 780.
B) 1000.
C) 440.
D) 840.
E) 400.
Correct Answer:
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Q2: FIGURE 14- 5 Q3: The table below shows the labour Q4: In Canada in 2011,the share of total Q5: The fundamental dilemma facing labour unions is Q6: Certain professions limit the number of students Q8: Labour- market discrimination,which keeps one group of Q9: The diagram below shows the supply and Q10: The diagram below shows the supply and Q11: Suppose there is a competitive market for Q12: The diagram below shows the supply and
A)members'
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