A union's success in raising the wage depends on
A) the elasticity of demand it faces.
B) members' ability to act collectively.
C) the share of the labor market that is unionized.
D) All of the above.

Question

Quizplus · Accepted Answer

A union's success in raising wages depends on a combination of factors, including the elasticity of the demand for the goods or services produced by the workers, the ability of union members to act collectively in negotiating with management, and the share of the labor market that is unionized. All of these factors can influence whether the union is able to achieve its wage goals.

A Union's Success in Raising the Wage Depends on