answer 1-4

Chapter 8 Homework Questions 1. What effect does a lower elasticity of demand have on the wage and employment outcomes for the employer and the union? 2. How is bargaining power influenced by deregulation and foreign competition? Who is most affected by these changes labor or management? 3. Why are employers less likely to approve coalition bargaining than unions are to approve multiemployer bargaining? 4. How do technological changes affect the relative bargaining power of the parties