The bottom part saysSuppose that the union, in order to mitigate the unemployment caused by the wage increase, bolsters demand by rolling out a "Buy Union" advertising campaign. If the union $3 million on the campaign, the excess supply of labor will be _____ workers

A ng.cengage.com/staticb/ui/evo/index.html?deploymentid=58326557198082 CENGAGE | MINDTAP Aplia Homework Labor Markets and Labor Unions Consider the housing construction industry. Assume that the industry is perfectly competitive in both input and output markets. Suppose that, through collective bargaining, a labor union negotiates an industry-wide wage for various kinds of labor (electricians, plumbers, and so on). In particular, it udy Tools eeds in negotiating a wage increase for carpenters from $9 to $12 per hour. The following graph shows the labor demand of an individual firm. On the following graph, show what happens at the firm level as a result of the union negotiations, Demand Supply Supply WAGE RATE 10 15 20 QUANTITY OF LABOR Now consider the effects of the wage change on the entire industry. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any correspondi mounts in each grey field will change accordingly. Graph Input Tool Wage Rate (Dollars per hour) 9 Quantity 15 Demanded Quantity Supplied (Thousands of (Thousands 15 workers) workers) Excess Supply Thousands of Shortage Thousands of 0 WAGE RATE (Dollars per hour) workers) workers) Demand Shifter Pro-union Advertising (Millions of dollars) 10 15 20 QUANTITY OF LABOR (Thousands of workers) The union's wage increase from $9 to $12 per hour thousands of workers.) workers. (Note: Be sure to enter your answer in