Multiple Choice
Suppose that in some country neither textile workers nor shoemakers are unionized. If textile workers unionize and so are able to raise their wages, what will most likely happen to shoemakers?
A) The demand for shoemakers will rise, and their wages will rise.
B) The demand for shoemakers will fall, and their wages will fall.
C) The supply of shoemakers will rise, and their wages will fall.
D) The supply of shoemakers will fall, and their wages will rise.
Correct Answer:
Verified
Correct Answer:
Verified
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