QUESTION 19 3 points Save Answer Wage rate (dollars per hour) 25.00 LS 20.00 5.0

Question

QUESTION 19 3 points Save Answer Wage rate (dollars per hour) 25.00 LS 20.00 5.00 10.50 LD LDo 5.00 100 200 250 300 40500600 100 200 250 300 400 00 600 Quantity of labor (number of workers) The figure above shows a labor market in which a union has formed Labor unions' support for programs that increase their members' marginal products represents an attempt to shift the labor denand curve from LDo to LD O labor demand curve from LD1 to LDo O labor supply curve from LSO to LSI . labor supply curve from LS1 to LSo ONone of the above answers is correct

Explanation / Answer

THe asnwer is C-) Labor supply curve form LS0 to LS1.

Labor union's support for programs that increase their members marginal products represent an attemp to decrease the labor supply to increase the wage per labor. so an attempt to shift the supply curve from Ls0 to LS1 indicating the decrease in labor supplied .

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