6000 2 0 Multiple Choice O O O S3 Quantity of Workers Refer to the graph, which shows the supply and demand for unionized manufacturing workers. The initial equilibrium point is point 1. The wages paid in comparable nonunion occupations increase significantly, while at the same time the price of manufactured goods decreases. Which point would represent the new equilibrium? 3 4 $₁ D1 S₂ D2

6000 2 0 Multiple Choice O O O S3 Quantity of Workers Refer to the graph, which shows the supply and demand for unionized manufacturing workers. The initial equilibrium point is point 1. The wages paid in comparable nonunion occupations increase significantly, while at the same time the price of manufactured goods decreases. Which point would represent the new equilibrium? 3 4 $₁ D1 S₂ D2

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter27: Wages, Unions, And Labor

Section27.3: Effects Of Labor Unions

Problem 3ST

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