-Figure 12-2 Depicts Labor Demand and Supply in a Nonunionized

-Figure 12-2 depicts labor demand and supply in a nonunionized labor market.The original equilibrium is at point A.If a labor union subsequently establishes a union shop and negotiates an hourly wage of $20,then

A) the labor supply curve and the labor demand curve will shift leftward by equivalent amounts
B) there will be an excess supply of 3,000 workers
C) there will be an excess demand of 7,000 workers
D) there will be an excess supply of 4,000 workers
E) there will be an excess supply of 7,000 workers

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