1 answer

Which of the following is true regarding the above theory stated in question 19? Question 2...

Question:

Which of the following is true regarding the above theory stated in question 19?

Question 2 options:

Consumers use it to maximize their consumer surplus

Producers use it to capture consumer surplus

Consumers are impatient and afraid something will prevent future consumption

B & CQuestion 19 (4 points) Which of the following is true regarding wages negotiated by a labor union? Othey cause a surplus of l

Question 19 (4 points) Which of the following is true regarding wages negotiated by a labor union? Othey cause a surplus of labor Othey are a price ceiling Othey are below minimum wage O they keep the labor market in equilibrium

Answers

19.Wages negotiated by labour unions are set above equilibrium wage and thus,causes surplus labour at the wage rate.

Answer-First option

.

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