Ask Question
BusinessBusiness
11 May, 09:31

When a union bargains successfully with employers, in that industry, a. the quantity of labor demanded increases and the quantity of labor supplied decreases. b. both the quantity of labor supplied and the quantity of labor demanded decrease. c. both the quantity of labor supplied and the quantity of labor demanded increase. d. the quantity of labor supplied increases and the quantity of labor demanded decreases.

+1
Answers (1)
  1. 11 May, 09:57
    0
    The correct answer is letter "D": the quantity of labor supplied increases and the quantity of labor demanded decreases.

    Explanation:

    The action taken by employees when they get together in order to negotiate with employers about work conditions and benefits such as payments, hours of labor, insurance policies, among others, is called a collective bargain. As a result, as both employees and employers come to an arrangement, employers supply more jobs causing the rate of labor to be diminished.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When a union bargains successfully with employers, in that industry, a. the quantity of labor demanded increases and the quantity of labor ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Tactical planning for management is performed by whom supervisors middle-level managers top executives operative employees
Answers (1)
The ownership of a corporation is represented by: a. shares of stock. b. the owner's capital account. c. the revenue account. d. cash in bank account.
Answers (1)
A country is currently producing bricks and spatulas using all of their resources and satisfying the wants of their economy. If the country has a change in preferences and wants more spatulas, which of the following is true? A.
Answers (1)
Steve's basis in his SAW Partnership interest is $200,000 at the beginning of the tax year, including all adjustments.
Answers (2)
Janice wants to get a mortgage for her new vacation condo. She pays $56,000 for the condo and has a 7% interest rate for a 7-year term. Under the terms of the mortgage, Janice pays interest only until the final payment when the principal is paid off.
Answers (1)
New Questions in Business
In the resource-based model of above-average returns, a capability is: a. an input into a firm's production process. b. the foundation for a firm's mission. c.
Answers (1)
Choose the correct statementA. Total revenue from the sale of a good equals the price of the good multiplied by the quantity sold. B. A rise in price increases total revenue. C. A rise in the price decreases total revenue. D.
Answers (1)
Which describes the purpose of minimum-balance fees? O make sure customers keep sufficient funds in their account collect funds for withdrawals from a competitor's machine pay for the costs of having bank employees penalize customers for writing
Answers (1)
Which event occurs in the large intestine?
Answers (1)
Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,835,000 and sales for the year total $25,690,000. The allowance account before adjustment has a debit balance of $12,500.
Answers (1)
Home » Business » When a union bargains successfully with employers, in that industry, a. the quantity of labor demanded increases and the quantity of labor supplied decreases. b. both the quantity of labor supplied and the quantity of labor demanded decrease. c.
Sign Up Forgot Password?