A Union Would Be More Effective at Bargaining a Wage

Multiple Choice

A union would be more effective at bargaining a wage increase for its members:

A) if the share of labour costs in total costs is greater
B) if the product demand is less elastic
C) if the degree of substitutability between labour and capital is greater
D) if the product demand is less responsive to a wage change.
E) if the supply of capital.is more elastic