If a union raises the wage in its industry above equilibrium then there is an increase in

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Business

Uriel

8 May, 15:52

If a union raises the wage in its industry above equilibrium then there is an increase in

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Lucia · Answer 1

A union is a worker association that bargains with employers over wages, benefits, and working condition.

If a union raises the wage in its industry above equilibrium then there is an increase in the quantity of labor supplied and reduce in the quantity of labor demanded. This results in unemployment.