What will increase the power of a trade union, allowing it to increase wages without reducing the employment of its members in a particular industry?
A.
B.
C.
D.
Exam No：9708_s25_qp_34 Year：2025 Question No：12
Answer:
B
Knowledge points:
2.2.1 definition of price elasticity, income elasticity and cross elasticity of demand (PED, YED, XED)
2.2.6.1 price elasticity of demand
2.2.6.2 income elasticity of demand
2.2.6.3 cross elasticity of demand
8.3.2 factors affecting demand for labour in a firm or an occupation
8.3.8.1 influence of trade unions on wage determination and employment in a labour market
8.3.8.2 influence of government on wage determination and employment in a labour market using a national minimum wage
8.3.8.3 influence of monopsony employers on wage determination and employment in a labour market
Solution:
Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Download
Android
Download
Download
Google Play
Download
Download