Exhibit 4-2 Supply and demand curves
-The market shown in Exhibit 4-2 is initially in equilibrium at point E₂.Union negotiations for workers producing good X result in a wage increase.Other things being equal,which of the following is the new equilibrium after this wage increase is in effect?
A) E₁.
B) E₂.
C) E₃.
D) E₄.
Correct Answer:
Verified
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