Economics · Oct / Nov 2019 · Paper 13 · Question 29
2281Workers
A trade union succeeds in raising the wages in an industry above the current equilibrium wage. How would the demand and supply of labour change? | | change in quantity of labour demanded | change in quantity of labour supplied | |---|---|---| | A | fall | fall | | B | fall | rise | | C | rise | fall | | D | rise | rise |
- Afall / fall
- Bfall / rise
- Crise / fall
- Drise / rise
As printed in the paper
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Correct answer: B. fall / rise
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