When a union bargains successfully with employers resulting in increased total compensation, both the quantity of labor supplied

Question

nordsb [41]

3 years ago

8

When a union bargains successfully with employers resulting in increased total compensation, both the quantity of labor supplied

and the quantity of labor demanded increase?

Business

1 answer:

34kurt · Answer 1 · 2022-04-19T00:36:09+03:00

ANSWER – FALSE

When a union bargains successfully with employers, resulting in increment in total compensation, both the quantity of labor supplied and the quantity of labor demanded doesn’t increase, rather, the quantity of labor supplied increases and the quantity of labor demanded decreases.