The Figure Illustrates All of the Following EXCEPT

Multiple Choice

The figure illustrates all of the following EXCEPT

A) if the union establishes by collective bargaining a wage rate that exceeds equilibrium at point Wu an excess quantity of labor will be supplied.
B) if the union establishes by collective bargaining a wage rate that exceeds equilibrium, an excess quantity of labor will be demanded.
C) there is a trade-off union leadership faces: Higher wages inevitably mean a reduction in total employment-a smaller number of positions.
D) at higher wages, more workers will seek to enter the industry, thereby adding to the surplus of workers where QS is greater than QD.