Question: E app.sophia.org Question Tutorials , Quantity of Labor X Labor a.) A shortage of labor is created, and O the wage rises. b.) A surplus

E app.sophia.org Question Tutorials \\, Quantity of Labor X Labor a.) A shortage of labor is created, and O the wage rises. b.) A surplus of labor is created, and the O wage rises. c.) A surplus of labor is created, and the O wage falls. d.) A shortage of labor is created, and O the wage falls. SUBMIT MY ANSWER Report an issuWn 1:44 III '3' a B app.sophia.org Question Tutorials Consider the graph below. Assume that a labor union enters the labor market. What effect does the union have on the wage, and does it create a surplus or a shortage of workers? Wage ($) I I I I | I | | | | : 0 GE Quantity of Labor X a.) A shortage of labor is created, and O the wage rises. b.) A surplus of labor is created, and \"M O wage rises. A

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