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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Organizing labor unions may be easier in some industries than in others. What industry characteristics make unionization easier?

To determine

Identify the factor that makes unionization easier.

Explanation

The elasticity of demand for labor indicates the degree of responsiveness of labor demand due to the changes in the wage rate. Therefore, when all the other things are equal, the unions try to maintain a lower price elasticity of demand. It will help in making the unionization easier...

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