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Exhibit 27-4 ​ Refer to Exhibit 27-4. If a Labor Union Successfully Organizes

Question 121

Multiple Choice

Exhibit 27-4 ​
Exhibit 27-4 ​ Refer to Exhibit 27-4. If a labor union successfully organizes the labor market and sets the wage rate at W<sub>4</sub>, the amount of unemployment in this market will be equal to A) Q<sub>4</sub> - Q<sub>3</sub>. B) zero. C) Q<sub>3</sub> - Q<sub>1</sub>. D) Q<sub>2</sub> - Q<sub>3</sub>. E) Q<sub>4</sub> - Q<sub>1</sub>.
Refer to Exhibit 27-4. If a labor union successfully organizes the labor market and sets the wage rate at W4, the amount of unemployment in this market will be equal to


A) Q4 - Q3.
B) zero.
C) Q3 - Q1.
D) Q2 - Q3.
E) Q4 - Q1.

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