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Question 1

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 $9.

As as result of this there will be

 

Hint


Question 2

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 $10.

As as result of this how many workers will be unemployed?

thousand

 

Hint