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If a Union Negotiates a Wage Above the Market Equilibrium

Question 16

Multiple Choice

If a union negotiates a wage above the market equilibrium, each firm hiring union members faces


A) a perfectly inelastic supply curve for labor
B) a perfectly elastic supply curve for labor
C) a perfectly inelastic demand curve for labor
D) a perfectly elastic demand curve for labor
E) perfectly inelastic supply and demand curves for labor

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