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If a Union Is Able to Decrease the Supply of Workers

Question 333

Multiple Choice

If a union is able to decrease the supply of workers in a competitive labor market but the union cannot affect the demand for its members' labor, then


A) wages and the quantity of labor hired will both increase.
B) wages will increase but the quantity of labor hired will decrease.
C) wages will decrease but the quantity of labor hired will increase.
D) wages and the quantity of labor hired will both decrease.

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