The Motor Vehicle Builders' Union Bargained for Higher Wages and More

Question 57
Multiple Choice

The Motor Vehicle Builders' Union bargained for higher wages and more benefits for its members. As a result of the higher wages and increased benefits, i. the quantity of new cars supplied decreases. Ii) the supply of new cars decreases. Iii) the supply of new cars increases. A) only i B) only ii C) only iii D) both i and ii E) Neither i, ii nor iii is correct.