Try another version of these questions The graph below shows the supply and demand curves for workers in a perfectly competitive labor market. Suppose that the union increases the wage to $8.
As as result of this there will be Hint
Box 1: Select the best answer The graph below shows the supply and demand curves for workers in a perfectly competitive labor market. Suppose that the union increases the wage to $7.
As as result of this how many workers will be unemployed? thousand Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
surplus of labor.
2
Enter DNE for Does Not Exist, oo for Infinity