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    Exam 3: Where Prices Come From: the Interaction of Demand and Supply
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    If a Union Successfully Negotiates for Higher Wages and Benefits
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If a Union Successfully Negotiates for Higher Wages and Benefits

Question 20

Question 20

Essay

If a union successfully negotiates for higher wages and benefits for steel workers, what impact would this have on supply and demand in the market for steel, assuming no other changes take place in this market?

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An increase in wages and benefits will s...

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