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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

What will lower the demand for union labor?

To determine

Identify the factors that lower the demand for union labor.

Explanation

The factors that lower the demand for union labors are listed below:

  • Decrease in product demand: If the demand for the products that the union labor produce is lower, then the demand for labor is also lower.
  • Decreasing substitute factor prices: I...

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