Register
Suppose that neither textile workers nor shoemakers are unionized. If textile workers unionize, then the supply of shoemakers will:.
202,152 views
40 votes
40 votes
Suppose that neither textile workers nor shoemakers are unionized. If textile workers unionize, then the supply of shoemakers will:.

User Eswara Reddy
by
3.0k points

1 Answer

21 votes
21 votes

If textile workers unionize, then the supply of shoemakers will inreases and the wages would fall.

How does unions affect supply?

When unions are established in a particular field, it would encourage workers to move into the industry because they are confident that they would be well represented and their interests would be protected.

When supply increases, wages decline because supply of labor would exceed the demand for labor

User David Ruttka
by
2.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
If you buy a one-year bond for $4,000 and the issuer pays you back $5,000 at the end of one year, the interest rate on the bond is
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow: (1) Work full time at a local accounting firm
Jillian Diaz receives a regular salary of $1,500 a month and is entitled to overtime pay at the rate of one and one-half times the regular hourly rate for any time worked in excess of 40 hours per week.
Link Copied!