The supply curve of labor that an employer faces can be changed through successful collective bargaining by a labor union.

Name: The supply curve of labor that an employer faces can be changed through successful collective bargaining by a labor union.
Brand: Quizplus
Rating: 4.7 (40 reviews)

Question

Quizplus · Accepted Answer

Collective bargaining by a labor union can lead to higher wages or better working conditions, effectively shifting the supply curve of labor that an employer faces by altering the terms under which labor is willing to work.

The Supply Curve of Labor That an Employer Faces Can