Many psychological professionals today take an eclectic view of p.....
The answere is eclectic
A decrease in demand and an increase in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity cannot be determined. 1. For any quantity, consumers now place a lower value on the good, and producers are willing to accept a lower price; therefore, price will fall.
Labor unions can use the power of collective bargaining to negotiate which means that they can use numbers to assert their power to strike. For instance, the Verizon workers were on strike last year because they did not believe they were earning fair wages.
<span>This illustrates the
crowding model / overcrowding model. This is when crowding into lower wage jobs
due to preferences or lack of alternative opportunities. This non-neoclassical
model was first established by Bergmann. According to the model, result of
the professional segregation is wage differentials between two genders. The explanations
for segregation may be socialization, individual decisions, or labor market
discrimination. Wage differentials occur when the job openings or demand for
the female-dominated sector is less than the supply of women.</span>
