Which of the following is not a strategy used by labor unions to increase the wages of their members?

Question

Quizplus · Accepted Answer

Making the demand curve for labor relatively elastic is not a strategy used by labor unions to increase wages. Instead, unions typically aim to increase the demand for labor, decrease the supply of labor, or impose wage floors to push wages above market equilibrium. Making the demand curve more elastic would imply that a small change in wages could lead to a large change in the quantity of labor demanded, potentially making it easier for employers to reduce wages or employment in response to union demands.

Which of the Following Is Not a Strategy Used by Labor