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    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 16: Wages and Employment: Monopsony and Labor Unions
  5. Question
    If the Demand for Labor Is Highly Inelastic, an Increase
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If the Demand for Labor Is Highly Inelastic, an Increase

Question 19

Question 19

True/False

If the demand for labor is highly inelastic, an increase in wages secured by the union will cause a big increase in unemployment among union workers.

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