Q150
Union leaders are in better position to bargain for higher wages if demand for labour is
A.
Elastic
B.
Inelastic
AnswerC.
Very large
D.
Permanent
Answer: Option B
Solution
Answer: Option B
Solution:
Union leaders are in better position to bargain for higher wages if demand for labour is Inelastic. The capacity of trade unions to raise wages in a particular industry depends on the elasticity of demand for labour.