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The Figure Illustrates All of the Following EXCEPT
A)if $\mathrm { W } _ { \mathrm { u } }$

Question 169

Multiple Choice

The figure illustrates all of the following EXCEPT $The figure illustrates all of the following EXCEPT A) if the union establishes by collective bargaining a wage rate that exceeds equilibrium at point \mathrm { W } _ { \mathrm { u } } an excess quantity of labor will be supplied. B) if the union establishes by collective bargaining a wage rate that exceeds equilibrium,an excess quantity of labor will be demanded. C) there is a trade-off union leadership faces: Higher wages inevitably mean a reduction in total employment-a smaller number of positions. D) at higher wages,more workers will seek to enter the industry,thereby adding to the surplus of workers where \mathrm { Q } _ { \mathrm { S } } is greater then \mathrm { Q } _ { \mathrm { D } } .$

A) if the union establishes by collective bargaining a wage rate that exceeds equilibrium at point $\mathrm { W } _ { \mathrm { u } }$ an excess quantity of labor will be supplied.
B) if the union establishes by collective bargaining a wage rate that exceeds equilibrium,an excess quantity of labor will be demanded.
C) there is a trade-off union leadership faces: Higher wages inevitably mean a reduction in total employment-a smaller number of positions.
D) at higher wages,more workers will seek to enter the industry,thereby adding to the surplus of workers where $\mathrm { Q } _ { \mathrm { S } }$ is greater then
$\mathrm { Q } _ { \mathrm { D } }$ .