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  3. Study Set
    Microeconomics Australia
  4. Exam
    Exam 18: Markets for Factors of Production
  5. Question
    If a Union Restricts the Supply of Labour, It ________
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If a Union Restricts the Supply of Labour, It ________

Question 33

Question 33

Multiple Choice

If a union restricts the supply of labour, it ________ the wage rate and ________ the level of employment.


A) lowers; decreases
B) raises; decreases
C) raises; does not change
D) lowers; increases
E) raises; increases

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