EC 251 Exam #2 Q #11.docx (Figure: Labor Supply and Demand)…
EC 251 Exam #2 Q #11.docx (Figure: Labor Supply and Demand) Refer to the figure. What is the quantity of labor that is unemployed as a result of the labor union’s action to increase its wage demands to $11 an hour? a. 700 b. 1100 c. 1800 d. 2700